Swiss fund of funds Partners Group has opened an office in Singapore and launched a new fund to invest in Asian buy-out and venture funds. The office will be headed by Christoph Rubeli.
Partners said in a statement that it thought Asia offered some attractive investment opportunities. “The strong GDP growth in Asia and a maturing private equity industry have led to a consolidation among the players and point to attractive return prospects for investors.”
The new fund, Partners Group Asia-Pacific, has already had a first close on $50m with commitments from European investors. It will invest about 80 per cent of its capital in buy-out groups and 20 per cent in venture.
Institutional interest in Asian private equity has growing significantly over the last twelve months following a string of big exits by groups in Japan and China.
Copyright © 2004 AltAssets