Private equity giant Partners Group has closed its eighth private equity secondaries programme with more than $9 billion, reflecting strong demand for a strategy amid market volatility.
The strategy allows investors to buy assets or fund stakes at discounts as sellers seek liquidity and portfolio rebalancing during periods of uncertainty.
The programme, which combines a closed-end fund and bespoke co-investment vehicles, has already deployed around 60% of committed capital into a diversified portfolio of secondary investments across managers globally, according to a company statement.
The investor base spans Europe, the United States, and Asia-Pacific, with roughly one-third of new commitments coming from outside Europe and the largest allocations from the Asia-Pacific region. Its partners and employees, together with affiliates of the firm, also made meaningful commitments to the programme, the statement said.
Partners Group said the programme follows a period of strong investment activity, with its secondaries business deploying more than $4 billion globally last year as it continued to execute a thematic investment approach leveraging insights from its direct investing platform.
“The successful closing of our eighth private equity secondaries program highlights the global appeal of our investment approach,” said Anthony Shontz, Partner, co-head private equity partnership investments at Partners Group.
“We are uniquely positioned with one of the largest teams of direct investment professionals and industry experts, which means we have the ability to perform in-depth underwriting as we work closely with GPs to create custom solutions.”
The firm has been active in secondaries since 1998 and has invested around $40 billion in the strategy to date. Its secondaries programmes have historically ranked in the top quartile based on MSCI Burgiss data, the firm claimed.
