Partners Group

Partners Group, on behalf of its clients, has acted as the lead lender to support Norvestor's acquisition of a majority stake in glueckkanja AG, a leading cloud managed service provider in the Microsoft ecosystem. Headquartered in Offenbach, Germany, glueckkanja has been growing rapidly throughout the DACH region. The Company, in partnership with Norvestor, plans to further expand its presence in the Nordics and other European markets through organic growth and strategic acquisitions. In 2023, glueckkanja generated close to EUR 30 million in sales with industry leading profitability margins. Partners Group provided the financing package as part of its direct lending strategy, which focuses on leading middle-market companies. Partners Group's Private Credit business has a total of USD 29 billion in assets under management. #PrivateCredit

Great to see Charles Rees, a Managing Director in our Private Equity Technology industry vertical, amongst the Private Equity News Rising Stars of 2024, which recognises leading talent in the industry. Since joining us in 2011, Charles has worked on 10 transactions, including both lead and joint-lead investments, with total equity invested of more than EUR 3.5 billion. In the last couple of years, Charles led Partners Group's exit from Civica, a global provider of cloud software solutions for the public sector, and investment in Forterro, a pan-European software provider, on behalf of our clients. Charles was also recently included on Private Equity International's Future 40 Leaders of Private Equity list. Congratulations Charles! You can view the Private Equity News Rising Stars list here: https://lnkd.in/e55hMSxw Below is a clip of Charles at our AGM earlier this year talking about Partners Group's exit from Civica.

15 years ago today, on 1 July 2009, we launched the first-of-its-kind private markets-focused evergreen fund in the US, which helped spawn what has become one of the industry's fastest growing product categories. We initially created this vehicle as a solution for a client that was dissatisfied with the prevailing market offering, building on our experience in Europe where we launched our first evergreen in 2001. That client was not alone: evergreen funds are proving increasingly popular amongst individual and institutional investors. These funds provide immediate exposure, enabling investors to precisely manage their allocations to private markets and benefit from compounding. Investors also have a reduced administrative burden and typically lower minimum investment amounts compared to traditional private markets funds. Robert Collins, Co-Head of Private Wealth, Partners Group, says: "We launched a first-of-its-kind solution for US private wealth investors in 2009, which reflects the pioneering and entrepreneurial nature of our firm. I'm proud to have been involved in this launch, helping to increase access to private markets for individuals." Today we have USD 44 billion in assets under management globally across our evergreen products, up around six-fold in the last decade. You can read more about our private wealth solutions here: https://lnkd.in/etjvZk-y #PrivateWealth

Partners Group, has agreed, on behalf of its clients, to acquire a majority stake in FairJourney Biologics, a leading antibody discovery Contract Research Organization ("CRO"). Founded in 2012 and headquartered in Porto, Portugal, FairJourney is a CRO supporting pharmaceutical and biotech companies working at the cutting edge of innovation to develop the next generation of antibody-based therapies.   Partners Group will work with founder António Parada, who will remain a significant shareholder, and his management team on a value creation plan for FairJourney that will expand its technology and capabilities through organic and inorganic investment to unlock faster, more effective drug development for its partners. Pascal Jean-Noël Noth, Head of Private Equity Health & Life Europe, Partners Group, says: "FairJourney is a high-quality leader in antibody development. We look forward to investing into further broadening its capabilities in pre-clinical R&D and in silico design and partnering with young teams around the world that are pushing the edge of scientific technologies, as the team in Porto and Cambridge have done successfully in the past."   You can read the press release here: https://lnkd.in/e2baj9pd You can read more about FairJourney Biologics here: https://fjbio.com/ #PrivateEquity

Our Private Wealth business has further strengthened its local presence this year, making several new appointments across teams in the US, Europe, and Asia. The number of private wealth professionals at Partners Group has now doubled within the last 12 months, reflecting the significant opportunities we see in the space. We would like to extend a big welcome to all those who have started in their new positions so far. This includes Sunnie Yun, CFA, CAIA, David Zerbib, Qihan Chen, Michael Nuss, Mariam Haqqie, and John Ledva who have joined us as members of management. This year has been busy for our Private Wealth business, with the launch of new evergreen products in the US, Europe, and Asia, including a new ELTIF-compliant private equity evergreen; the addition of new distribution partners, most recently in Greece; and the launch of our new Hong Kong office, which will be a launchpad for growing our private wealth client base in the Greater China region. Our Private Wealth business has over USD 44 billion in assets under management globally. #PrivateWealth

Partners Group has opened an office in Hong Kong, bringing our total number of offices in Asia to seven and worldwide to 21. Henry Chui, CFA, Head of Private Wealth APAC, will head the Hong Kong office. He will manage a dedicated team focusing on the firm's client activities in Hong Kong and the Greater China Area and strengthening its existing network of client and investment partner relationships. A particular priority for the team will be expanding the firm's private wealth client base by adding strategic distribution partners locally for its suite of private markets solutions, including its evergreen funds. Henry Chui adds: "Individual investors in Asia are increasingly looking to private markets as a means to access the real economy. Having boots on the ground in Hong Kong is important to provide local coverage to our distribution partners in the Greater China area and complements our coverage across the rest of the region." Partners Group first established its presence in Asia in 2004 with the opening of its Singapore office, which serves as the firm's regional headquarters. Today, Partners Group employs more than 550 people across the region in its offices in Manila, Mumbai, Seoul, Shanghai, Singapore, and Tokyo. Read the press release here: https://lnkd.in/dzHetUd3

Partners Group has agreed to invest in eStruxture Data Centers, the largest Canadian data center platform, on behalf of our clients. As part of the CAD 1.8 billion transaction, Partners Group will acquire a stake alongside an increased investment from existing sponsor Fengate Asset Management. The investment will be made through our Infrastructure Partnership Investments platform, which covers secondaries, co-investments, and minority participations globally.       eStruxture is a premier data center operator with 15 state-of-the-art facilities across all major markets in Canada, including Montreal, Toronto, Calgary, and Vancouver. The Company serves a diverse customer base spanning cloud services, AI, media and entertainment, financial services, and enterprise.   Dr. Dmitriy Antropov, Managing Director, Co-Head Infrastructure Partnership Investments, Partners Group, says: "eStruxture is a leading data center provider in a number of rapidly growing North American data center markets, which fits squarely within our digitization thematic area of focus. The Company has a differentiated customer focus, strong sustainability credentials, and a large footprint in the local market, as well as proven expansion capabilities. We look forward to supporting eStruxture and our partners at Fengate on future growth initiatives." #Infrastructure

Partners Group today announced the close of its fifth direct private equity program with total commitments surpassing the target of USD 15 billion. The Program comprises commitments to Partners Group's fifth direct private equity fund, as well as bespoke solutions and open-ended funds that allocate to the same direct strategy. Partners Group's private equity strategy applies deep thematic research to identify high conviction sub-sectors supported by resilient long-term global trends across four industry verticals: Technology, Health & Life, Goods & Products, and Services. Through its entrepreneurial governance approach, the firm partners with management teams to build a value creation plan around clearly defined strategic pillars. At the time of closing, the Program was committed to companies including BREITLING, a leading Swiss watchmaker; SureWerx, a North American supplier of mission-critical personal protective equipment, safety gear, and tool solutions; and ROSEN, a global provider of inspection services for crucial energy infrastructure assets. Read the full press release here: https://lnkd.in/gDXtv3ku

Christian Wicklein, our Co-Head of Private Wealth, recently spoke to Citywire about the rise of new evergreen funds. Christian made the point that with so many new products coming to market, return dispersion in the industry, which is already much higher than in public markets, is likely to increase. He also explained that Partners Group has positioned its evergreen range as core holdings, rather than concentrated or niche sector strategies, to ensure a steady stream of investment activity within portfolios. You can read the article here (registration required): https://lnkd.in/eqpEdpYQ #PrivateWealth

Our portfolio company North Star, a provider of mission-critical offshore infrastructure support services in the UK, has secured new debt investment of up to GBP 425 million to accelerate its plans to expand into the European market. The financing will help add 40 hybrid service operation vessels (SOVs) to the company's existing fleet by 2040. North Star currently has three SOVs in operation at the UK's Dogger Bank Wind Farm, with another vessel on schedule for delivery next year. Four further newbuilds are underway including for EnBW's He Dreiht windfarm in Germany and for Siemens Gamesa Renewable Energy at the East Anglia THREE project in the UK. North Star's SOV fleet provides crucial logistics and operations support to offshore windfarms, including the accommodation of technicians working in field. These high-performance hybrid-electric ships utilise numerous green technologies and solutions to best support the safe transfer of personnel and cargo. Read the press release here: https://lnkd.in/g6RqjwkM #Infrastructure