PRINT THIS PAGE Partners Group opens Luxembourg office, hires Jerry Ludig16/04/2008. Source: AltAssets. 
Zug, Switzerland-headquartered alternative asset manager Partners Group has added a new location to its office network. The Luxembourg office is Partners Group's ninth office. Jerry Ludig will head the Luxembourg office. He joined Partners Group at the beginning of this year. Previously Ludig was at HSBC Securities Services in Luxembourg, where he focused on business implementation. He also spent seven years at PricewaterhouseCoopers as an audit supervisor.
Felix Haldner, partner and head of investment solutions, said that the Luxembourg office 'will enlarge our structuring possibilities and offer new opportunities for innovative solutions. In particular, our collaboration with various distribution partners around the world further confirms the growing interest in open-ended mutual fund structures, such as the Partners Group Global Value SICAV.'
Partners Group has approximately CHF24bn in assets under management in investment programmes covering private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies.
The Princess Private Equity Holding Limited partnership GMT Communications Partners III recently announced the sale of its portfolio company Asiakastieto, a Finnish business and credit information provider. The sale will generate an IRR of approximately 70 per cent over a holding period of less than two years, Partners Group said in a statement.
In addition to its Zug headquarters and Luxembourg office, Partners Group also has offices in San Francisco, New York, London, Guernsey, Luxembourg, Singapore, Tokyo and Sydney.
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