QUICK SPARK: Partners Group Raises $5.5B As Infrastructure Secondaries Boom

Partners Group has closed an infrastructure secondaries program at more than $5.5 billion, marking one of the largest dedicated fundraises for the strategy to date as investor demand for liquidity solutions in private markets continues to grow.

The Switzerland-based private markets firm said the program includes a $1.7 billion closed-end fund, alongside bespoke mandates and other co-investment vehicles. More than 70% of the committed capital came from new clients, with investors spanning Europe, the Americas, the Middle East and Asia-Pacific.

Key Highlights

• Deployment: About $2 billion invested over the past 12 months, with the program already more than 25% committed across 20 seed investments.
• Recent investments: Continuation vehicles for a global commercial aviation leasing portfolio and a U.K. rolling stock leasing platform.
• Track record: More than 70 infrastructure secondaries investments completed since 2006, generating fully realized returns of 18% net internal rate of return.

The latest close follows Partners Group’s recent more than $15 billion direct infrastructure fundraising, bringing its combined infrastructure fundraising across the two programs to more than $20 billion. The firm manages more than $186 billion in assets across private equity, private credit, infrastructure, real estate and other alternative investment strategies.

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