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Partners Group Has Closed Its Latest Global Fund of Funds.

by Joe Childs

  • 06 May 2010
  • PE

The Switzerland-based private equity firm has held a final close of Partners Group Global Value 2008 after securing commitments totalling €537 million. The vehicle, which has held a number of interim closes since 2008, has made nearly half of its commitments to secondary opportunities so far. It primarily targets buyout, distressed and special situations opportunities, investing both directly and through private equity funds. The fund of funds exceeded its target of €500 million. The predecessor fund, Partners Group Global Value 2006, closed on €400 million in 2007 and is fully committed. Partners Group has approximately CHF 20.2 billion invested in private equity, while its private debt assets, which include mezzanine investments, amount to CHF 2.7 billion.

Eight private equity funds of funds have closed with aggregate commitments of almost $2.7 billion in the year to date, while $1.8 billion has been secured by funds of funds holding interim closes in 2010. Of the vehicles holding a final close, four focus exclusively on North America, while two target Asia only. The final two have a broad geographic scope and seek to gain exposure to private equity in North America, Europe and Asia. During the same period in 2009, 28 fund of funds vehicles closed having raised $11.4 billion.

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