Partners Group Raises $15 Billion for New Infrastructure Vehicle

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessPartners Group Raises $15 Billion for New Infrastructure VehiclePartners Group Holding AG raised more than $15 billion of new commitments for its direct infrastructure strategy, a win for the Swiss firm as it’s grappled with heightened redemption requests across some funds in recent months.Author of the article:Levin Stamm and Jan-Henrik Förster You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Partners Group Holding AG raised more than $15 billion of new commitments for its direct infrastructure strategy, a win for the Swiss firm as it’s grappled with heightened redemption requests across some funds in recent months.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe latest vehicle is 50% larger than its predecessor and seeks making controlling investments in a range of assets from next-generation energy to utility to other infrastructure platforms, according to an emailed statement.Roughly 40% of the $15 billion has already been deployed across 11 companies, including US mobile power generation provider Life Cycle Power or Singapore-based data center platform Digital Halo, which helped seed the vehicle.“It’s an asset class that I think in this more volatile world really has an increasingly essential place in investor portfolios,” Esther Peiner, Partners Group’s global head of infrastructure, said in an interview.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Baar, Switzerland-based asset manager has come under investor scrutiny after capping withdrawals from one of its evergreen funds. Shares of the firm, which manages about $186 billion of assets across private equity, private credit, infrastructure and real estate, have dropped about 30% year-to-date.Infrastructure has grown increasingly popular with investors because of its steady return profiles and because such assets are considered to be more immune from inflationary pressures. Funds dedicated to the sector generally provide more stable distributions to investors, which has become a key concern in other areas of private markets.Assets such as toll roads, wind farms or fiber-optic cables typically operate on long-term contracts with inflation-linked leases and operating agreements. That can prove particularly appealing to money managers at a time when significant geopolitical shifts are causing heightened volatility across other asset classes.Peiner said Partners Group is looking to fully commit the vehicle by the end of 2027 or early 2028, with about 20 to 25 investments. The hefty volume of cash funneling into artificial-intelligence-related infrastructure may lead to opportunities elsewhere within the sector, according to Peiner. “The concentration of capital towards the AI buildout is leading to an increasing scarcity of capital in certain more traditional infrastructure sectors,” Peiner said. “We like that — it opens opportunity for us as an investor.” Peiner said the latest program is comprised of a closed-end fund, customized solutions for its largest clients, as well as a smaller chunk that’s put into an evergreen structure, open to smaller institutional investors and private-wealth investors.The vehicle roughly matches the size of the company’s fourth and fifth direct private equity programs, which closed 2021 and 2024, respectively. Fundraising for a sixth private equity program with a similar target is currently underway.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.