Partners Group launches global fund in Sydney
Partners Group has set up a new global private equity fund based in Sydney, offering smaller institutional and retail investors access to deals normally only available to large institutions.
The Partners Group Global Value Fund will be an open-ended structure with monthly liquidity and separate unit classes for institutional and individual investors. The fund will commit all its capital into the Partners Group Global Value SICAV, which makes direct, secondary and primary investments and has exposure to around 2,000 portfolio companies.
Global Value SICAV delivered returns of 17.3% over the four years to August 2011.
Stephen Schali, head of Partners Group private equity, said the strategy is to diversify over the years, buying historic vintages and mature portfolios to create a more stable cash flow. "We also employ a dynamic asset allocation that allows us to take advantage of secondary opportunities during down cycles, where prices vary and the number of sellers fluctuates too," he added.
According to Partners Group, there has been strong interest in the fund from high net worth individuals, private banks and select dealer groups.
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