Swiss investment firm Partners Group has launched a new evergreen fund to give individual investors across Europe, the Middle East, and Asia access to its multi-sector royalty strategy.
The launch follows the firm’s rollout of a similar evergreen vehicle for institutional investors early this year. It raised approximately $8 billion across its evergreen fund offerings in 2024.
The vehicle, which requires a minimum investment of $10,000, is designed to deliver a net return of 10% with an annual cash yield of 4-6%, Partners Group said.
“Partners Group’s royalties portfolio has low correlation with other asset classes, providing diversification benefits, and offers an inflation hedge,” said Christian Wicklein, co-head, private wealth, Partners Group.
The new evergreen fund will co-invest alongside the firm’s institutional evergreen royalties fund, which debuted in January 2025. Both funds will share access to the same deal pipeline.
Evergreen funds, or semi-liquid funds, are open-ended vehicles that provide investors with more flexible liquidity options than typical closed-ended private funds that have a lock-up period of up to 10 years.
Partners Group’s cross-sector royalties strategy invests in both established sectors, such as intellectual property assets across the pharmaceuticals and entertainment industries, as well as emerging high-growth sectors, such as energy transition, sports, and brands.
“Our pioneering royalties strategy follows a relative value approach where we shift between sectors and structures depending on what offers the best opportunities at a given point in time,” said Stephen Otter, Head of Royalties at Partners Group.
Partners Group has been highly active in the royalties space, completing 11 investments over the past 12 months. Its recent investments include a stake in Warner Bros. Discovery’s catalogue of film and television music rights, which comprises over 500 titles, including hits like Harry Potter, Lord of the Rings, and Game of Thrones.
The firm said its robust deal pipeline is expected to support capital deployment of up to $750 million in 2025.
Founded in 1996, Partners Group has 1,800 staff members globally, of which more than 500 staff members are in Asia across Manila, Mumbai, Seoul, Shanghai, Singapore, and Tokyo.
In March, the firm agreed to acquire Australia’s GreenSquare Data Centers and announced plans to invest up to $760 million in their next-generation data centre platform. The global investment firm has invested over $4 billion in data centres since 2021.
It also agreed earlier this month to buy Singapore-based data centre platform Digital Halo Pte Ltd. The deal includes an initial commitment of approximately $400 million to support Digital Halo’s expansion across Asia.
