Baar-Zug, Switzerland,6 June 2017
Partners Group raises over EUR 1 billion for innovative multi-asset credit program;continues to see strong deal flow in the corporate and asset-backed middle market.
Partners Group, the global private markets investment manager, has raised over EUR 1 billion for the latest offering in its Multi-Asset Credit (MAC) series of investment programs.
The capital was raised via the firm’s third dedicated comingled MAC program, MAC 2016 (III), as well as a number of separate client mandates. Partners Group’s global MAC investment strategy provides investors with comprehensive exposure to corporate and asset-backed private markets debt.
The strategy focuses on senior secured debt and aims to generate attractive risk-adjusted returns within a relatively short build-up period compared to traditional private market credit offerings.
The MAC strategy was first launched in 2014 as a complement to the firm’s long-running corporate credit-focused Private Markets Credit Strategies series of investment programs.
At the time of its final close, MAC 2016 (III) had already been committed to over 30 credits across a diverse range of sectors and regions.
Corporate investments include Diligent, a US-headquartered global provider of online collaboration tools for company boards and leadership teams ;
Claranet, a leading UK-based managed IT services provider; as well as Loungers, a fast-growing UK-based operator of café-bars in the casual dining sector. Asset-backed investments include the debt financing of a mixed use real estate site in the City of London.
Christopher Bone,Managing Director and Head of Private Debt Europe at Partners Group, comments:
“The MAC series of programs has proven to be an attractive offering for our clients who want broad access to private credit with attractive risk-adjusted returns. We continue to see excellent relative value in the mid-market globally. Our proven arranging capabilities, coupled with global reach, mean that we are able to find and access great assets to invest in on behalf of our clients.”
Scott Essex, Partner and Co-Head of Private Debt at Partners Group, states: “We continue to see strong appetite for our private debt offerings from institutional investors searching for yield at a time when traditional fixed income investments are still offering low to negative yields. Combined, our range of private debt programs and mandates allow clients to access the full spectrum of private market credit opportunities.”
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 54 billion (USD 57 billion) in investment programs under management in private equity, private real estate,
private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney.
The firm employs over 900 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.