Partners Group infra evergreen fund hits $1bn in assets
Partners Group’s ‘next generation’ infrastructure evergreen fund has hit $1bn (£0.75bn) in assets.
The fund, which launched in early 2024, is available to individual investors in Europe, the Middle East and Asia.
The fund will invest alongside Partners Group’s fourth-generation flagship direct infrastructure programme, which is in fundraising stages, as well as the private markets asset manager’s infrastructure secondaries programme.
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Partners Group said that the firm’s “pro rata allocation policy” ensures that all of its infrastructure products have equal access to new deals under its next generation infrastructure strategy.
It focuses on assets that “benefit from thematic growth trends and exhibit strong infrastructure characteristics”, such as long-term contracted cash flows.
The fund has already completed more than 50 investments and achieved annualised net returns of 20 per cent since inception.
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Esther Peiner, partner, global head of infrastructure at Partners Group, said: “The infrastructure asset class is benefitting from structural thematic tailwinds such as the rise of AI and cloud computing, the electrification of transport, and the decarbonization of energy sources, and we have a strong investment pipeline.”
Philip Sauer, managing director, client solutions Europe at Partners Group, noted growing demand for infrastructure among private wealth investors.
“The asset class offers low GDP correlation, inflation-linked revenues, and robust capital preservation, which is proving attractive amidst broader market volatility,” he said. “The fund’s evergreen structure is also suited to individuals as it offers immediate exposure to a diversified portfolio, fully paid-in shares with no future capital calls, and monthly liquidity features. This is a great way for investors to access an asset class that has been a mainstay of institutional portfolios for decades.”
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Partners Group launched seven new evergreen funds last year and now has $52bn in assets under management across its evergreen suite globally, including private equity, infrastructure, private credit and royalties.
Overall, the firm has $174bn in assets under management.
