Record Year For Secondaries As Partners Fund Closes

Firm: Partners Group

Fund: Partners Group Secondary 2011 LP

Target: €2 billion

Amount Raised: €2 billion

Finishing up a record year for secondary funds generally, Partners Group closed out its latest offering, Partners Group Secondary 2011 LP, raising €2 billion ($2.6 billion). The closing puts the total amount raised by secondary funds in 2012 at more than $20 billion, which is above the previous record year of 2009, when $17 billion was raised, according to data from Thomson Reuters.

Investors in the new fund include the Pennsylvania Public School Employees’ Retirement System, which pledged $100 million in early 2012. The fund closed on the heels of three other noteworthy secondary offerings, each of which closed in the last 18 ...

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