PRINT THIS PAGE Where should the 'smart' money go?10/05/2005. Source: Partners Group. Erik Kaas 
 There is no universal optimal strategy for LPs, said Erik Kaas of Partners Group. Access to top funds, secondaries and listed vehicles is not equal for all investors; investors have different risk appetite and investment restrictions; and at different stages of a private equity portfolio, different investment decisions are likely to be 'smart'.
There are also different reasons why to invest in private equity with differing return targets; the cash flow needs of Limited Partners vary -
so do accounting issues; while real allocation to private equity can fluctuate strongly demanding different strategies.
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Partners Group was set up in 1995 and is based in Zug (Switzerland). The firm has $7.5bn of assets under management, $6bn of which are in private equity and $1.5bn in hedge funds. On the private equity side, Partners Group has about $4.5bn in primaries, over $1bn in secondaries and several hundred million of direct investments. For more information about Partners Group visit http://www.partnersgroup.net
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