Partners, Mizuho form strategic alliance

The Japanese financial services firm and Swiss private markets specialist will collaborate on infrastructure and private equity products in Japan.

Partners Group (Partners), the Zug, Switzerland-based private markets firm, has followed its €1 billion infrastructure fundraising announcement yesterday with news of a strategic partnership in Japan.

Partners will team with Mizuho Financial Group (MFG), one of Japan’s largest financial holding companies, and Mizuho Trust & Banking Co (an MFG pension trust and asset management subsidiary) to jointly develop and distribute global private equity and infrastructure products to the Japanese pension market.

A statement from Partners said the agreement marks Mizuho Trust’s first collaboration with a global private markets firm and will enable it to offer global private markets investment products to its Japanese pension fund clients for the first time.

Under the terms of the deal, MFG and Mizuho Trust will have selected distribution rights for Partners’ global infrastructure and private equity funds. Furthermore, Mizuho Trust and Partners “will explore opportunities for further collaboration and potential product development, in order to better meet the increasing demand from Japan’s institutional investors for access to global private market investments”.

Partners yesterday announced the final close of its Global Infrastructure 2012 fund on €1 billion – twice the size of its 2009 predecessor fund. The 2012 version, which is already 35 percent-committed, will invest in direct, secondary and primary private infrastructure opportunities around the world.

In total, Partners has over €30 billion in investment programmes under management in private equity, private real estate, private infrastructure and private debt. Headquartered in Zug, the SIX Swiss Exchange-listed firm has an additional 15 offices globally.