Investors - OCTOBER 1, 2014

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Partners Group closes secondary program at $2b

by Andrea Waitrovich

Partners Group has announced the close of its dedicated real estate secondaries program at its hard cap of $1.95 billion.

Investors in Partners Group Real Estate Secondary 2013 include a mix of new and existing institutional investors including sovereign wealth funds, public and corporate pension plans, endowments and foundations, insurance companies, and financial institutions from around the world.

“The real estate secondaries market is quickly becoming as institutionalized as its private equity equivalent, and there has been a notable increase in both the volume and complexity of the transactions we’re seeing coming to market,” said Stefan Lempen, senior vice president of private real estate secondaries at Partners Group, in a statement. “We are focusing on buyout opportunities with the potential for further value creation, such as restructurings of mature real estate portfolios and other complex portfolio management scenarios.&rdquo

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