Partners Group raises $716 million for infrastructure fund
Switzerland-based private equity manager Partners Group has closed on $716.5 million for its latest infrastructure vehicle, according to a filing with the U.S. Securities and Exchange Commission .
The target amount Partners Group was seeking to raise for Partners Group Global Infrastructure 2012 LP was not listed on the regulatory filing.
The firm raised its first infrastructure vehicle in 2009 and received commitments for €500 million ($689.3 million). It has invested directly in 10 infrastructure projects worldwide, with a total aggregated project value of $9 billion.
Partners Group focuses on transportation, communications, conventional power, renewable energy, energy infrastructure, water, social infrastructure and waste management assets. The firm makes direct investments and secondary deals, but also commits capital to infrastructure fund managers.
Investments include a wind portfolio developed with the Italian company Sorgenia SpA; Australian coal export terminal operator Newcastle Coal Infrastructure Group; and Porterbrook Leasing Co ., a railway rolling stock operator lessor.
Recently, Partners Group has shifted its attention to emerging market infrastructure investments to take advantage of projects having a higher risk profile with potentially larger returns. Partners Group released a study in October describing its investment view.
In this report, the firm predicts an explosive growth of opportunities for renewable energy assets in emerging markets. Particularly, the firm sees investment potential in renewable projects in Latin America. The firm has already several investments in renewable assets in south east Asia.
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