Partners Group, the global private markets investment manager, continues to see client demand for the private debt market and has raised in excess of $800 million for such strategies.
Private Market Credit Strategies is one of Partners Group’s core investment strategies, being the third program of its kind launched by the firm. The program seeks to capitalize on the current senior secured debt market opportunity resulting from constrained banks, expiring European CLOs and the demand for re-financings.
Partners Group Private Markets Credit Strategies 2013 are an investor-friendly investment structure. Combined with a quick ramp-up period of twelve months, the program offers attractive risk-adjusted return potential within a shorter duration than traditional private market offerings. Its predecessor program has been successful in achieving the envisaged ramp-up and the portfolio has performed in line with target returns. Partners Group has identified this segment as attractive in the current market environment and intends to continue offering similar programs to its institutional clients on a regular basis in the future.
“Investors are facing an investment environment that is characterized by low growth, negative real yields in many jurisdictions and continued volatility. We are pleased that we can continue to meet our clients’ needs by accessing the favorable risk/return potential obtainable in the current private debt environment. We believe providers of credit to mid cap private equity-backed companies can benefit significantly from the lack of alternative capital in this space. We have so far had a very active private debt investment year in 2013, capitalizing on this opportunity by investing in over 40 credits on behalf of our clients during the first nine months alone.”