Partners Group picks up more than €1bn for latest multi-asset credit offering


Global private investment house Partners Group has revealed it has raised more than €1bn for the latest offering in its multi-asset credit (MAC) programme.

The firm pulled in the capital through its third dedicated comingled MAC 2016 (III) fund, as well as a number of separate managed accounts.

Partners Group’s MAC investment strategy aims to provide investors with comprehensive exposure to corporate and asset-backed private markets debt, with a focus on senior secured debt over a relatively short build-up period.

The firm launched its MAC strategy in 2014 as a complement to its long-running corporate credit-focused Private Markets Credit Strategies series of investment programs.

At the time of its final close, MAC 2016 (III) had already been committed to over 30 deals, including Diligent, a US-headquartered global provider of online collaboration tools for company boards and leadership teams; Claranet, a leading UK-based managed IT services provider; and Loungers, a fast-growing UK-based operator of café-bars in the casual dining sector.

Partners Group co-head of private debt Scott Essex said, “We continue to see strong appetite for our private debt offerings from institutional investors searching for yield at a time when traditional fixed income investments are still offering low to negative yields.

“Combined, our range of private debt programs and mandates allow clients to access the full spectrum of private market credit opportunities.”

Partners Group currently has more than €54bn of capital across private equity, real estate, infrastructure and debt strategies.

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