Partners Group raises over USD 850 million for senior secured debt investments
Press release
Baar-Zug, Switzerland, 20 May 2015
Partners Group, the global private markets investment manager, has raised in excess of USD 850 million for investments on behalf of its clients in corporate senior secured loans. The capital was raised via its fourth Private Markets Credit Strategies program, PMCS 2014 (IV), as well as a number of separate client mandates. Predecessor PMCS programs are all performing in line with their original target returns, without incurring any credit losses.
Partners Group Private Markets Credit Strategies is a global strategy investing in senior secured loans with a focus on the middle market, which offers the potential for attractive risk-adjusted returns within a relatively short timeframe compared to traditional private markets credit programs. As of 30 April 2015, PMCS 2014 (IV) was fully drawn and committed to 36 credits in Europe, the US and Asia across a wide range of industry sectors. Investments include Busy Bees Childcare, a chain of nursery schools with operations in the UK and Southeast Asia; a European non-food retail chain headquartered in the Netherlands; and a multi-brand outdoor retail group with a strong presence in Benelux and the UK.
Juri Jenkner, Partner and Co-Head Private Debt, Partners Group, comments: "The strong client demand for the PMCS 2014 program shows the enduring appeal of private markets credit strategies to institutional investors looking for current yield. The current market environment is still characterized by the high availability of debt and aggressive pricing in the large cap space, but we continue to see attractive opportunities for flexible and innovative capital providers like us in the middle market, where we focus our investment activities. As a result of continued strong deal flow, we were able to screen 1'050 transactions and invest in over 60 credits during the 12 months until the end of March 2015 on behalf of our clients."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 37 billion (over USD 45 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 750 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Alexander von Wolffradt
Phone: +41 41 784 66 45
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
Email: [email protected]
Press release
Baar-Zug, Switzerland, 20 May 2015
Partners Group, the global private markets investment manager, has raised in excess of USD 850 million for investments on behalf of its clients in corporate senior secured loans. The capital was raised via its fourth Private Markets Credit Strategies program, PMCS 2014 (IV), as well as a number of separate client mandates. Predecessor PMCS programs are all performing in line with their original target returns, without incurring any credit losses.
Partners Group Private Markets Credit Strategies is a global strategy investing in senior secured loans with a focus on the middle market, which offers the potential for attractive risk-adjusted returns within a relatively short timeframe compared to traditional private markets credit programs. As of 30 April 2015, PMCS 2014 (IV) was fully drawn and committed to 36 credits in Europe, the US and Asia across a wide range of industry sectors. Investments include Busy Bees Childcare, a chain of nursery schools with operations in the UK and Southeast Asia; a European non-food retail chain headquartered in the Netherlands; and a multi-brand outdoor retail group with a strong presence in Benelux and the UK.
Juri Jenkner, Partner and Co-Head Private Debt, Partners Group, comments: "The strong client demand for the PMCS 2014 program shows the enduring appeal of private markets credit strategies to institutional investors looking for current yield. The current market environment is still characterized by the high availability of debt and aggressive pricing in the large cap space, but we continue to see attractive opportunities for flexible and innovative capital providers like us in the middle market, where we focus our investment activities. As a result of continued strong deal flow, we were able to screen 1'050 transactions and invest in over 60 credits during the 12 months until the end of March 2015 on behalf of our clients."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 37 billion (over USD 45 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 750 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Investor relations contact
Alexander von Wolffradt
Phone: +41 41 784 66 45
Email: [email protected]
Media relations contact
Jenny Blinch
Phone: +41 41 784 65 26
Email: [email protected]