Fund Management
What's New In Investments, Funds? – Partners Group
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Partners Group
Partners
Group, a private markets investment group that recently
announced US expansion, has trumpeted that its private
credit evergreen fund – launched in 2016 – has reached €2
billion ($2.3 billion).
“Evergreen” funds are open-ended funds which, unlike
conventional private equity, don’t have a pre-set exit date,
drawdowns and capital calls. A number of major investment houses,
such as Carlyle and Blackstone, have developed such offerings as
a way of making it easier for investors to
enter private markets.
Partners said its fund, which is open to institutional and
private wealth investors, is one of the “largest
Luxembourg-domiciled private credit evergreen funds.” It
follows a global direct lending strategy with investments sourced
through Partners Group’s private credit platform, which provides
access to proprietary transactions across markets in the US,
Europe, and Asia-Pacific.
The fund’s portfolio comprises more than 140 primarily
senior secured direct loans, with the most recent investments
including Elk, a property maintenance services provider in the
Netherlands; Santiane, a French health insurance broker; and
Cobalt, an access security provider in the US. The fund is
available to investors in Europe, the Middle East, and Asia. It
returned 9 per cent in net terms for 2024 and around 8 per cent
per annum over the last five years (measured in
euros).
Earlier in June, Partners appointed Anastasia Amoroso as managing
director and chief investment strategist for private wealth and
retirement. She is based in New York. In September 2024, Partners
Group announced a strategic partnership with BlackRock to launch
a model portfolio solution streamlining retail wealth access to
private equity, private credit, and real assets.
Partners Group has more than €48 billion in AuM across its global evergreen product suite. In total, it has $152 billion in AuM, including $31 billion across its private credit business.