Partners Group Closes €400M Global Value Private Equity Fund

Sep 13 2007 | 11:42am ET

One private equity fund is making its investors a happy bunch: Baar-Zug, Switzerland-based Partners Group has held a final close on its latest vehicle, Partners Group Global Value 2006, at €400 million (US$554.5 million), and is already cashing out on some of its investments.

The fund will implement a relative value strategy to invest in direct, secondary and listed p.e. investments. To date, the fund is already 39% invested, according to the firm, and will soon begin to distribute its proceeds to investors.

The distributions will predominantly result from exits in its secondary portfolio, including a multiple of 4.5x achieved on an investment in a company specializing in the global research laboratory industry as well as a 3.9x multiple received from an investment in a computer network services company. Additionally, one of its direct investments, Paris Re, a reinsurance company, has filed for an initial public offering.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 
Error

FINalternatives Trending

From the current issue of