Zug-Baar, April 24th, 2006 – Partners Group, the Swiss based global alternative asset manager, held the final closing for its Asian private equity fund, Partners Group Asia-Pacific 2005. Client demand significantly exceeded the cap of USD 375m and requested allocations had to be reduced accordingly. Partners Group Asia-Pacific 2005 provides investors with access to leading private equity funds across the Asian region. In addition, the fund can make secondary investments in existing limited partnerships and direct investments in select operating companies, typically alongside general partners. The fund expects to invest approximately 60% of its assets in mature Asian economies (Japan, Korea, South-East Asia, Australia) and 40% in the rapidly growing markets such as Greater China and India.
Partners Group Asia-Pacific 2005 will focus on buyout investments but will also consider expansion and growth capital opportunities serving the rapidly growing consumer markets in Asia. Among the limited partners participating in the fund were insurance companies, family offices, pension plans and state organizations from the US, Europe and Asia. The fund has already committed USD 142m, including 13 fund and direct investments.
“We are honored by the trust global institutional investors have placed in Partners Group. The strong interest in the fund validates the investment focus on the rapidly growing Asian market. The investment opportunities in the Asia-Pacific region offer unique return potential. Buyout and expansion capital transactions are very attractive as Asian deals feature lower entry multiples than in Europe and the US, combined with very strong growth rates”, said Urs Wietlisbach, Executive Vice Chairman of Partners Group.
Partners Group expands Singapore presence
The close of Partners Group Asia-Pacific 2005 coincides with the expansion of Partners Group’s Singapore office. To accommodate the rapid growth of its Asian business, Partners Group has moved to larger premises and increased its local staff.
The new address is:
Asia-Pacific) Pte Ltd.
3 Church Street #28-06
T: +65 6544 6565
F: +65 6544 6566
About Partners Group
Partners Group is a global alternative asset management firm with approximately CHF 11 billion in private equity, private debt and hedge fund investment programs under management. 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 New York, London, Singapore and Guernsey. The firm employs over 140 people and is majority owned by its 29 partners & principals and its employees.
For further information, please contact:
Phone#: +41 41 768 85 21
Dr. Cyrill Wipfli
Phone#: +41 41 768 85 71