Swiss fund-of-funds manager Partners Group, which closed its Global Infrastructure 2009 vehicle on its hard cap of €500 million last month, has made a direct investment in a First Reserve-sponsored solar farm in northern Italy.
Partners Group is investing an undisclosed sum in the 71-megawatt power plant in the region of Rovigo. The already-operational project, which is backed by 20-year feed-in tariffs, is the largest single solar power plant in Europe, according to a statement.
The Rovigo investment is one of 17 deals Partners Group has already closed from its dedicated infrastructure vehicle, according to a spokesperson.
Solar: part of Partners
First Reserve also said it planned to pursue further long-term projects in a joint venture with SunEdison “across several key geographies”.
Partners Group, headquartered in Zug, Switzerland, has over €20 billion in private equity, private debt, real estate and infrastructure funds under management. The firm trades on the SIX Swiss Exchange and has a market capitalization of CHF 4.5 billion (€3.4 billion; $5 billion).
The firm has been investing in infrastructure since 2001 and has $1 billion of infrastructure investments, according to the firm’s website. The firm targets direct investments, primary investments in infrastructure funds, and secondary acquisitions.