Partners Group, the Zug-based private market investment manager, is said to be planning the launch of another billion-strong fund.
The private equity sector remains the biggest single beneficiary in the financial industry from the persistently low interest-rate environment. They continue to attract record levels of cash as investors hunt for higher returns.
Also riding the wave of yield-seeking assets are the Partners Group, who are planning to next year launch a 5.7 -billion-Swiss-franc (5 billion euros) fund, according to insiders cited by the news agency«Bloomberg».
The plan is apparently for the issue of a buyout funds from Partners Group Direct Equity 2019. Partners Group declined to comment to the news agency.
Diverse Deals Done
Last year the asset manager attracted some 6 billion euros for its last buyout fund issue, it reported. It concluded a number of deals to this end. One of them was the purchase in spring by the private equity specialist of the reading service Techem for 4.6 billion euros. And last year Partners Group paid 2 billion euros for the industrial concern Megadyne.
