To read this full article you need to be subscribed to Institutional Real Estate Europe
Partners Group holds €2 billion final close for secondaries fund
Partners Group has reached its €2 billion target for its third dedicated private real estate secondaries programme. The capital was raised across Europe, Latin America and Asia.
The programme aims to acquire high-quality property portfolios and single real estate assets, with a bias towards mature real estate assets in need of refurbishment. In particular, Partners Group will seek opportunities to provide tailored asset and portfolio liquidity solutions to operators, developers and third-party investors in order to support asset-level business plans, or to structure fund recapitalisations due to an upcoming fund or debt maturity.
As of the start of August 2018, the programme was already committed to 15 investments. Examples include a portfolio of six U.S office and multifamily assets and a property portfolio comprising seven assets across Sweden and Finland in the retail, logistics, hospitality and education sectors.
Another fund to close recently was Tishman