Return to search

Partners Closes Infrastructure Fund at $705M

Private equity investor Partners Group has closed Partners Group Global Infrastructure 2009 with 500 million euro ($705 million), the firm said in a statement. Investors include public and corporate pension plans, financial institutions and other unnamed limited partners.

PRESS RELEASE
Partners Group successfully closes the Partners Group Global Infrastructure
2009 program at its hard cap of EUR 500 million
Partners Group, the global private markets investment manager, successfully
closed its largest dedicated infrastructure investment program to date, Partners
Group Global Infrastructure 2009, at EUR 500 million. Investors include
corporate and public pension plans, insurance companies, financial institutions,
endowments and high net worth individuals from around the world. Given the
attractive investment environment and strong demand from clients, the program
closed at its agreed hard cap of EUR 500 million.

Michael Barben, Partner and Head Private Infrastructure, comments “In an
environment of increased economic and financial uncertainty, investors are
looking for assets with stable cash flows, inflation protection and significant
cash yield, all quintessential characteristics of the infrastructure asset
class.”

Since inception, Partners Group Global Infrastructure 2009 has been able to
leverage on Partners Group’s access to a significant volume of high-quality deal
flow. This has translated into a portfolio of 17 investments at the end of the
fourth quarter of 2010. The successful build-up of the portfolio and a positive
performance as of the end of the fourth quarter of 2010 has allowed the program
to mitigate the J-curve effect typical of most private markets investment
programs.

Examples for recently closed investments by Partners Group Global
Infrastructure 2009 include Newcastle Coal Infrastructure Group, an Australian
coal export terminal currently being expanded to a capacity of 53 million tons
per annum, Rovigo, a 71 MW solar photovoltaic power plant in Italy and a number
of high quality secondary investments purchased at attractive discounts to their
NAVs. As of the end of the fourth quarter of 2010, Partners Group Global
Infrastructure 2009 has exposure to more than a dozen countries including,
amongst others, the United Kingdom, Australia, Italy, India, the Netherlands,
France, Sweden and Brazil. In spite of still being in an early stage of its
investment phase, Partners Group Global Infrastructure 2009 is already well
diversified across sectors, financing stages and transaction types.

About Partners Group
Partners Group is a global private markets investment management firm with over
EUR 20 billion in investment programs under management in private equity,
private debt, private real estate and private infrastructure. The firm manages a
broad range of funds and customized portfolios for an international clientele of
institutional investors. Partners Group is headquartered in Zug, Switzerland and
has offices in San Francisco, New York, São Paulo, London, Guernsey,
Luxembourg, Munich, Dubai, Singapore, Beijing, Seoul, Tokyo and Sydney. The firm
employs over 450 people and is listed on the SIX Swiss Exchange (symbol: PGHN)
with a market capitalization of CHF 4.5 billion with a clear majority owned by
its 36 Partners and all employees.