Partners Group, the Switzerland based global alternative assets manager, has raised over USD1.1bn for its most recent Asia-Pacific programme, thereby exceeding the target size of USD1bn
Partners Group, the Switzerland based global alternative assets manager, has raised over USD1.1bn for its most recent Asia-Pacific programme, thereby exceeding the target size of USD1bn.
The programme applies Partners Group’s approach of investing in leading primary funds in combination with secondary transactions and direct investments alongside local partners.
Partners Group expects the Asia-Pacific region to present attractive investment opportunities in the coming years, with for example China and India expected to continue growing at 7.5 per cent and 5.9 per cent in 2009 respectively, according to consensus estimates from Goldman Sachs, IMF, Morgan Stanley and UBS (December 2008).
Philipp Gysler, head Asia, says: ‘The anticipated growth in emerging Asia offers compelling opportunities for buyouts and growth investments striving to improve margins and achieve high organic growth rates.
‘Entry multiples have started to lower gradually across the region due to the credit crisis, investments have become cheaper as the currencies have depreciated and small and medium size enterprises are increasingly opening up to private equity financing as banks have tightened lending standards. Going forward, we see high potential especially in those industries less exposed to global trade and more reliant on domestic, internal demand.’
Among the limited partners participating in the programme are corporate and public pension plans, insurance companies and family offices from the US, the UK, continental Europe and Asia.
