Switzerland-based alternative investment manager Partners Group has closed its combined 2011-vintage Asia-Pacific and Emerging Markets private equity programmes with commitments of $1bn.
The programmes primarily pursue direct investments and secondary transactions in the Asia-Pacific region as well as in other Emerging Markets globally – predominantly in Latin America, Eastern Europe and Africa – although primaries remain an important strategy.
Whereas public market indices in these regions often reflect disproportionate exposure to large companies in dominant industries, private equity allows access to all sectors, including small and mid-cap companies that operate in higher growth areas of the economy and directly benefit from the increase in middle class spending, Partner Group added.
“We are honoured by the trust our clients place in us and remain excited about the investment opportunities we are seeing in Emerging Markets around the globe,” Andreas Baumann, partner and co-head of the firm’s Singapore office, said in the statement.
“The growing number of middle class households and the changing demographics continue to benefit sectors such as healthcare, education, financial services, as well as consumer goods and services in general.”
The news caps a busy month for Partners Group, which yesterday also announced the final closing of a pair of real estate funds that gathered more than $500m of commitments.
Last week the firm also announced a raft of year-end promotions in the senior management team, including the appointment of two new partners.
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