EXCLUSIVE Partners Group raises $ 15 billion for private equity investments


Sept. 20 (Reuters) – Partners Group Holding AG (PGHN.S) told Reuters on Monday it had raised $ 15 billion for a private equity program to invest in assets such as tech companies, healthcare and consumer goods.

Partners Group has raised $ 6 billion for its fourth flagship direct equity fund and an additional $ 9 billion through separately managed accounts investing alongside the fund, David Layton, Managing Director of Partners Group, said in an interview.

There has been a wave of transactions by private equity firms seeking to capitalize on the economic recovery from the COVID-19 pandemic.

Partners Group said its new private equity program has already invested around $ 6 billion to acquire stakes in 17 companies. They include Reedy Industries, an industrial firm based in Deerfield, Ill., Women’s healthcare provider Axia Women’s Health, and European drugmaker Pharmathen, which Partners Group acquired from BC Partners for $ 1.6 billion. euros ($ 1.89 billion) in July.

“This is in line with the strategy that we have put in place during the last programs. What we’re really focused on is finding areas that we believe are structurally sound with growth potential while avoiding areas with potential for disruption risks, ”Layton said.

Partners Group has announced its intention to invest the remaining capital in its latest private equity fund in mid-sized companies, with an enterprise value of less than $ 2 billion, operating in sectors such as products of beauty and personal care, sustainable agriculture, the supply of new generation. chain, biopharmaceuticals and technology.

For its third flagship buyout fund that closed in 2017, Partners Group raised € 3 billion and an additional € 3 billion in separately managed accounts committed alongside the fund. The fund had generated a net internal rate of return of 22% by the end of June this year, the company said.

Partners Group’s first buyout fund raised $ 800 million in 2009 and its successor raised $ 1.8 billion in 2012.

Founded in 1996, Zug, Switzerland-based Partners Group manages $ 119 billion in assets across private equity, real estate, infrastructure, credit and secondary institutions in Europe, the United States and in Asia.

Report by Chibuike Oguh in New York; Editing by David Gregorio

Our Standards: Thomson Reuters Trust Principles.


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