Partners Group invests in Chronos Life Group on behalf of its clients
Press release
Baar-Zug, 24 March 2011
Partners Group, the global private markets investment manager, closed a direct investment in Chronos Life Group on behalf of its clients. Chronos Life Group, a Kohlberg & Co. portfolio company, recently acquired a diversified, high quality portfolio of life settlements from J.P. Morgan, and independently, a majority stake in Life Equity LLC, a prominent originator and servicer of life settlements based in the US. In acquiring these assets, Chronos Life Group should become a leading originator, servicer and asset manager in the life settlements industry.
Walter Keller, Partner and head private equity directs and primaries, comments: "We are very excited about this investment opportunity. The American life settlements industry is rebounding due to the increasing availability of credit and, going forward, the increasing population of senior citizens in the US is expected to be a natural growth driver for life insurance policies. Furthermore, the sale of existing life settlement assets from one investor to another is rapidly creating a tertiary market which is expected to further add to industry growth."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 450 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 4.5 billion with a clear majority owned by its 36 Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 768 83 72
E-mail: [email protected]
Press release
Baar-Zug, 24 March 2011
Partners Group, the global private markets investment manager, closed a direct investment in Chronos Life Group on behalf of its clients. Chronos Life Group, a Kohlberg & Co. portfolio company, recently acquired a diversified, high quality portfolio of life settlements from J.P. Morgan, and independently, a majority stake in Life Equity LLC, a prominent originator and servicer of life settlements based in the US. In acquiring these assets, Chronos Life Group should become a leading originator, servicer and asset manager in the life settlements industry.
Walter Keller, Partner and head private equity directs and primaries, comments: "We are very excited about this investment opportunity. The American life settlements industry is rebounding due to the increasing availability of credit and, going forward, the increasing population of senior citizens in the US is expected to be a natural growth driver for life insurance policies. Furthermore, the sale of existing life settlement assets from one investor to another is rapidly creating a tertiary market which is expected to further add to industry growth."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 20 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, São Paulo, London, Guernsey, Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm employs over 450 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 4.5 billion with a clear majority owned by its 36 Partners and all employees.
Investor relations contact
Philip Sauer
Phone: +41 41 768 86 60
E-mail: [email protected]
Media relations contact
Dr. Anna Hollmann
Phone: +41 41 768 83 72
E-mail: [email protected]