Partners Group European buyout funds close on €647m

The Swiss alternative assets manager rounds off a spate of activity with the close of its latest European fund of buyout funds on €368m taking the total firepower of its 2006 fundraising to €1.6bn.

Partners Group, a quoted Swiss-based global alternative asset manager, has held the final closing for the second vehicle in its twin-fund European buyout programme, raising a total of €647 million ($821 million).

In the first nine months of 2006 the group has raised €1.6 billion for investment in private equity.

Partners Group European Buyout 2005 (A) has closed on €368 million and will take advantage of the full spectrum of European small, mid and large-cap buyout partnerships and direct investments, the company said.

Partners Group European Buyout 2005 (B), which closed in June this year at €279 million, will focus on European small and mid-cap buyout partnerships.

The group said it was well positioned to provide investors access to leading buyout partnerships, including certain assets raised before the end of June 2006.

Shares for its Partners Group Global Opportunities fund, which began trading on London Stock Exchange’s Alternative Investment Market last week, closed above its launch price of €10, raising €400 million for investment.

In July the company closed a €282 million mezzanine fund and in May it raised $375 million for investment in Asian funds.

Partners Group itself floated on the Swiss Exchange with a market capitalisation of SFr2.24 billion in March. It has about SFr14 billion ($11.2 billion; €8.8 billion) in private equity, private debt and hedge fund investment programs under management.