Partners Group gathers $500m for two real estate funds


Global private equity investor Partners Group has closed a pair of real estate funds after gathering more than $500m of commitments.

Those commitments were split between its Direct Real Estate 2011 and Asia-Pacific Real Estate 2011 programmes, both of which were closed in the fourth quarter.

Partners Group said the Asia-Pacific region had seen particularly strong intra-regional growth and a subsequent boost in tourism, leading to opportunities in the hotel and retail markets.

The firm said it had completed two direct investments in these sectors in Hong Kong, including August’s deal for the Novotel Nathan Road alongside real estate fund manager Gaw Capital Partners and CSI Properties.

Pamela Alsterlind, partner and co-head of Private Real Estate at the firm, said, “We are very pleased with the trust placed in us by our clients and believe that, in particular, quality non-core properties in cities with strong demographic fundamentals offer compelling risk-adjusted returns.

“Our investment focus continues to center on properties where we believe we can increase value and mitigate risk through active asset management initiatives.”

Earlier this week Partners Group announced a raft of year-end promotions in the senior management team, including the appointment of two new partners.

The Switzerland-based firm has promoted general counsel Andreas Knecht and head of internal audit Marlis Morin, both based in Zug, to partnership level.

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