|
AltAssets is the private equity news and research service from Almeida Capital
|
|
|
PRINT THIS PAGE Partners Group Global Mezzanine 2007 closes above target on €447m10/04/2008. Source: AltAssets. 
Zug, Switzerland-headquartered alternative asset manager Partners Group has closed its Partners Group Global Mezzanine 2007 fund on €447m, exceeding its original target of €300m. The new fund is already over 50 per cent committed. Partners Group said that it had completed 11 transactions from its new fund since the beginning of the year.
'Since the credit crisis, the terms and conditions of mezzanine tranches have improved significantly. The increase in interest margins and the re-emergence of covenants in connection with a marked decrease in leverage result in a measurable reduction in transaction risk, thereby clearly improving the risk/return profile of mezzanine investments,' said the firm in a statement.
Partners Group currently has about CHF24bn in investment programmes under management, across private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies.
The firm expects net asset growth to be moderated by currency effects (the strong Swiss franc and weak US dollar) and by anticipated redemptions in Partners Group's public market business. Partners Group expects assets under management to reach between CHF28bn and CHF29bn in 2008.
Copyright © 2008 AltAssets
|
 
|
|
|
