Partners Group has closed its latest private equity secondaries fund, Partners Group Secondary 2015, on its €2.5bn hard-cap.
The vehicle will follow the investment strategy of its predecessors. According to a statement, the offering for committed capital exceeded the final close value.
This is the sixth dedicated private equity secondary fund for the Swiss buyout house. The Baar-based GP manages €46bn in assets across private equity, real estate, infrastructure and private debt.
Partners Group Secondary 2015 raised committed capital from both existing and new institutional investors, as well as public and corporate pension funds, endowment funds, foundations, sovereign wealth funds and insurance companies.
Partners Group – André Frei, Christoph Rubeli (CEOs); Adam Howarth (managing director); Stephan Schäli (partner).
Currency movements and good performance boost demand for European secondaries
Its previous vehicle, Partners Group Secondary 2011, reached a final close on €2bn in 2012
Both associates joined the mezzanine house in March