Partners Group raises $2.6b for global secondaries fund
Partners Group has closed its latest secondary fund at the hard cap of EUR2 billion ($2.6 billion) and expects to deploy a higher proportion of the corpus in Asia than for previous vehicles as the region’s private equity market matures. The vehicle was oversubscribed and closed before the expiration of its fundraising period.
Partners Group screened $70 billion in secondary opportunities in 2011, its highest ever amount, and similar deal flow is expected this year. The primary drivers are financial institutions divesting portfolios...
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