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Partners Group Direct Investments 2006 closes at EUR500m

Swiss-based alternative asset manager Partners Group has announced the final close of its Partners Group Direct Investments 2006 private equity fund at a hard cap of EUR500m, with client d

Swiss-based alternative asset manager Partners Group has announced the final close of its Partners Group Direct Investments 2006 private equity fund at a hard cap of EUR500m, with client demand significantly exceeding assets raised.

The fund invests in high-quality buyout transactions on a globally diversified basis. The limited partners participating in the fund include corporate and public pension plans, insurance companies, family offices, endowments, and banks from the US, UK, continental Europe and the Middle East.

As of the closing date, Partners Group Direct Investments 2006 is 35 per cent invested in 24 transactions with leading sponsors such as Apax, Cinven, EQT, Permira, Ripplewood, Silver Lake, Terra Firma, Thomas H. Lee and Warburg Pincus. The fund has already reported its first partial exit with the IPO of RSC Equipment Rental, the second-largest heavy equipment company in the US, a co-investment alongside Ripplewood.

Partners Group has more than CHF17bn in assets under management in private equity, private debt, private real estate, infrastructure and hedge fund investment programmes. The firm manages a broad range of funds, structured products and customised portfolios for an international clientele of institutional investors, private banks and distribution partners.

Partners Group is based in Zug, Switzerland and has offices in New York, London, San Francisco, Singapore and Guernsey. The firm employs over 200 people, is listed on the SWX Swiss Exchange with a market capitalisation of more than CHF4bn and is majority owned by its 34 partners and principals as well as its employees.

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