Sunday, 28 December 2014
Last updated 3 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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