The Switzerland-based private equity fund of funds manager announced that it has opened a representative office in Dubai. The CHF 25.7 billion firm indicated that the new office would support its private equity investment activities and expanding client base in the Middle East and North Africa (MENA) region, and in India. Partners Group believes that significant economic growth and increasing wealth in these regions has led to attractive investment opportunities. It also feels that investors in the region are demonstrating a greater appetite for private equity than in the past.
Partners Group invests in private equity funds on a global scale and has a number of offices situated around the world. Its new presence in the United Arab Emirates adds to offices located in the US, the UK, Luxembourg, Japan, China, Singapore and Australia.
Preqin’s Investor Intelligence database indicates that one-quarter of fund of funds managers have previously invested in private equity funds targeting opportunities in India, while 5% have participated in vehicles investing in the MENA region. Approximately 13% of fund of funds managers indicate MENA as a region of interest. Asia is a region that 45% of active fund of funds managers would consider, with a similar proportion having previously invested in private equity funds targeting Asia.
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