Partners Group closes $375m Asian FOF

Swiss alternative asset manager Partners Group has announced the close of an Asian private equity fund, Partners Group Asia-Pacific 2005, on a capped total of $375 million (€297 million).

The fund follows the firm’s expansion into Singapore, where it opened an office in September 2004, spearheaded by Christoph Rubeli.

Limited partners include insurance companies, family offices, pension funds and state organizations from the US, Europe and Asia, Partners Group said in a statement. The fund has already committed $142 million in 13 funds and direct investments.

In addition to accessing Asian private equity funds, Partners Group Asia-Pacific 2005 will make secondary investments in existing limited partnerships and direct investments in select operating companies, alongside general partners. The fund will focus on buyouts but also consider growth capital opportunities serving consumer markets, with approximately 60 percent set aside for mature Asian economies (Japan, Korea, Southeast Asia and Australia) and 40 percent for Greater China and India.

“The investment opportunities in the Asia-Pacific region offer unique return potential. Buyout and expansion capital transactions are very attractive as Asian deals feature lower entry multiples than in Europe and the US, combined with very strong growth rates, Urs Wietlisbach, executive vice-chairman of Partners Group, said in a statement.

Partners Group manages Sfr11 billion ($8.9 billion) of private equity, private debt and hedge fund investments, by providing a broad range of funds, structured products and customized portfolios for an international clientele from its offices in Zug, New York, London, Guernsey and Singapore.