Baar-Zug, 23 March 2011
Partners Group successfully closes the Partners Group Global Infrastructure 2009 program at its hard cap of EUR 500 million
Partners Group, the global private markets investment manager, successfully closed its largest dedicated infrastructure investment program to date, Partners Group Global Infrastructure 2009, at EUR 500 million. Investors include corporate and public pension plans, insurance companies, financial institutions, endowments and high net worth individuals from around the world. Given the attractive investment environment and strong demand from clients, the program closed at its agreed hard cap of EUR 500 million.
Michael Barben, Partner and Head Private Infrastructure, comments "In an environment of increased economic and financial uncertainty, investors are looking for assets with stable cash flows, inflation protection and significant cash yield, all quintessential characteristics of the infrastructure asset class."
Since inception, Partners Group Global Infrastructure 2009 has been able to leverage on Partners Group's access to a significant volume of high-quality deal flow. This has translated into a portfolio of 17 investments at the end of the fourth quarter of 2010. The successful build-up of the portfolio and a positive performance as of the end of the fourth quarter of 2010 has allowed the program to mitigate the J-curve effect typical of most private markets investment programs.
Examples for recently closed investments by Partners Group Global Infrastructure 2009 include Newcastle Coal Infrastructure Group, an Australian coal export terminal currently being expanded to a capacity of 53 million tons per annum, Rovigo, a 71 MW solar photovoltaic power plant in Italy and a number of high quality secondary investments purchased at attractive discounts to their NAVs. As of the end of the fourth quarter of 2010, Partners Group Global Infrastructure 2009 has exposure to more than a dozen countries including, amongst others, the United Kingdom, Australia, Italy, India, the Netherlands, France, Sweden and Brazil. In spite of still being in an early stage of its investment phase, Partners Group Global Infrastructure 2009 is already well diversified across sectors, financing stages and transaction types.