Baar-Zug, 20 June 2012
Partners Group closes its Global Real Estate 2011 program at over USD 800 million
Partners Group, the global private markets investment manager continues to see growing demand for global real estate exposure from clients and closed its Partners Group Global Real Estate 2011, L.P. at over USD 800 million.
Claude Angéloz, Co-Head Private Real Estate, comments "We are honored by the trust our clients put in us to deliver attractive risk-adjusted returns for them. The demand for our program demonstrates the continued strong interest in global real estate exposure by leading institutional investors who seek diversification and attractive returns at a time when core and trophy properties are over-priced again in many of their home markets. Investors increasingly recognize the duration risk associated with core exposure in today's low yield environment."Pamela Alsterlind, Co-Head Private Real Estate, adds "Global real estate markets provide a wide variety of attractive investment opportunities, mainly due to the continued distress in developed markets like the US, Europe and Japan as well as the growth opportunities in Asia-Pacific and Latin America. At Partners Group we evaluate the global opportunity set every six months. From a relative value perspective, we currently overweight secondary investments where we see record deal flow, increasingly also through purchases of assets in the secondary market. In addition, we are an active provider of real estate debt and preferred equity to borrowers and owners for quality real estate. In 2011, Partners Group proactively sourced about 2'200 investment opportunities worldwide and executed 43 of them. We are pleased to report that our program has already a high investment level at its final closing and the portfolio is valued above par. Further investments are in process of closing."