Partners Group of Switzerland has held a $250 million final close for a fund-of-funds focused on U.S.-based venture capital and growth capital funds. The vehicle is already 75% committed, to funds managed by firms like Draper Fisher Jurvetson, TA Associates and Battery Ventures.
Partners Group, the Switzerland based global alternative asset manager, announces the final close of Partners Group US Venture 2006, L.P. at USD 250 million. The fund invests in high-quality, established US venture and growth capital partnerships with strong track records. In a segment in which dispersion between top and bottom quartile is high, Partners Group offers its clients access to high performing firms through its extensive industry network.
Partners Group has always stressed the diversification benefits of venture and growth capital and in particular in today's market environment these attractive segments should not be overlooked by investors. Not being dependent on credit, venture and growth capital are insulated from the large cap buyout market and the lower entry valuations currently seen offer significant return potential to the long-term investor.
Among the limited partners participating in the fund are corporate and public pension plans, insurance companies and family offices from the USA, the UK, Continental Europe and the Middle East. Partners Group US Venture 2006, L.P. has already committed 75% of capital to a variety of leading partnerships including Draper Fisher Jurvetson, TA Associates and Battery Ventures.
About Partners Group
Partners Group is a global alternative asset management firm with over CHF 24 billion in investment programs under management in private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies. The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and distribution partners. Partners Group is headquartered in Zug, Switzerland and has offices in London, Guernsey, New York, San Francisco, Singapore and Tokyo. The firm employs over 270 people, is listed on the SWX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 3.5 billion and majority owned by its 38 Partners & Principals and employees.