Partners Group raises more than $1 bln for mezzanine investments

Partners Group has raised more than $1 billion for the firm’s eighth mezzanine fund. The fund invests globally in predominantly middle market companies and has already made investments in nine companies. Partners’ private debt team is based in Europe, U.S. and Asia.

Press Release

Partners Group, the global private markets investment manager, has raised over USD 1 billion in new commitments for the firm’s successful junior debt investment strategy.

Partners Group’s eighth and largest mezzanine program will be invested globally on behalf of its clients in predominantly mid-market companies. At the time of the close, the program was already invested into a diversified portfolio of nine companies. This includes lead arranged subordinated debt transactions such as European coffee house chain Caffè Nero and French premium food producer Labeyrie Fine Foods.

Juri Jenkner, Partner, Co-Head Private Debt, states: “Subordinated debt remains an attractive market niche, which requires global reach, strong sourcing capabilities and a high degree of selectiveness. The sweet spot for attractive mezzanine credits can primarily be found in mid-cap companies where bespoke financing solutions allow businesses to realize their potential. We continue to place particular investment emphasis on market-leading, cash flow-strong, recession-resilient companies in sectors including food, education and healthcare.”

Scott Essex, Managing Director, Co-Head of Private Debt, adds: “The breadth of Partners Group’s platform and strength of our global network ensure the required deal flow to systematically identify attractive mid-cap investment opportunities around the globe. In the year through September, we screened more than 400 financing opportunities and invested a total of USD 1.7 billion on behalf of our clients across the capital structure.”

Partners Group’s private debt team is based in Europe, the US and Asia and invests on behalf of the firm’s clients across the spectrum of junior and senior debt, following a relative value investment approach which seeks to systematically identify and invest in those segments of the debt market that are most attractive at any given point in time.

About Partners Group
Partners Group is a global private markets investment management firm with over EUR 33 billion (over USD 40 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 700 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 7 billion (over USD 7 billion) and a major ownership by its partners and employees.