December 19, 2008, Baar/Zug. Partners Group, the Switzerland based global alternative assets manager, has raised over USD 1.1 billion for its most recent Asia-Pacific program, thereby exceeding the target size of USD 1 billion.
The program pursues a balanced strategy, applying Partners Group’s integrated approach of investing in leading primary funds in combination with secondary transactions and direct investments alongside local partners. The Asia-Pacific region has high barriers to entry for investors desiring access to the return potential of this region, and a key success factor is maintaining a local presence.
Partners Group, with four offices in Asia, is ideally positioned to take advantage of the opportunities arising in this market.
Partners Group expects the Asia-Pacific region to present attractive investment opportunities in the coming years, with for example China and India expected to continue growing at 7.5% and 5.9% in 2009 respectively, according to consensus estimates from Goldman Sachs, IMF, Morgan Stanley and UBS (December 2008). Philipp Gysler, head Asia, sums up: “The anticipated growth in emerging Asia offers compelling opportunities for buyouts and growth investments striving to improve margins and achieve high organic growth rates. Entry multiples have started to lower gradually across the region due to the credit crisis, investments have become cheaper as the currencies have depreciated and small and medium size enterprises are increasingly opening up to private equity financing as banks have tightened lending standards. Going forward, we see high potential especially in those industries less exposed to global trade and more reliant on domestic, internal demand.”
Among the limited partners participating in the program are corporate and public pension plans, insurance companies and family offices from the USA, the UK, continental Europe and Asia.
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Conclusion of this article: « Partners Group raises over USD 1.1 billion for Asia-Pacific program »
Source: Partners Group, Press release
