Partners Group holds €1.2b first close for secondary fund

Partners Group has held a €1.2 billion ($1.4 billion) first close for its Partners Group Real Estate Secondary 2017 fund. The firm did not comment on its fundraising efforts.

Partners launched the fund in 2016. The secondary fund invests in global real estate properties via the secondary market. The firm seeks to raise a maximum of €2 billion ($2.3 billion) for Partners Group Real Estate Secondary 2017.

Partners Group raised $1.95 billion in equity commitments for the fund’s predecessor, Partners Group Real Estate Secondary 2013, which closed in October 2014.

The firm has $66 billion in assets in investment programs under management in private equity, private debt, private real estate and private infrastructure.