Baar-Zug, 26 November 2010
On 23 November 2010, Partners Group, the global private markets investment manager, successfully closed its first dedicated real estate secondary program at EUR 750 million. The Partners Group Real Estate Secondary 2009 (Euro) program is exclusively designed to capitalize on the firm's extensive resources to source and execute attractive private real estate secondary investments on a global basis. Its investors base include sovereign wealth funds, endowments, corporate and public pension plans, insurance companies, financial institutions and select high net worth individuals from around the world.
Since inception, the program has already deployed up to 30% of its capital in a number of compelling opportunities across different regions, offering investors exposure to North America, Latin America, Europe and the Asia-Pacific. Partners Group's global team, combined with its broad local network and its experience in private markets secondary investing since 1998, typically seeks real estate investment opportunities which are characterized by a conservative debt financing, high-quality assets with minimal near-term refinancing risk and long-term leases to reliable tenants.
Marc Weiss, Partner and Global Head of Private Real Estate Secondaries at Partners Group, comments, “We are very satisfied with the positive performance of the portfolio to date. With an abundance of deal flow and few market players having capital available to transact on offerings, we are well positioned to secure attractive opportunities for our clients. We are in advanced negotiations to acquire further attractive positions in early 2011.”