Investment management firm Partner's Group has launched a new global private equity fund based in Sydney, targeting small to medium institutional and retail investors.
The Partners Group Global Value Fund, for which Equity Trustees is the responsible entity, offers diverse global private equity exposure, open- ended structure with monthly liquidity, as well as separate classes of units for institutional and individual investors.
"Our initial discussions over the past six months have generated strong interest in the fund from high net worth investors, private banks and select dealer groups", said Martin Scott, head of the Australian Partners Group operations.
The new fund will invest wholly into the Partners Group Global Value SICAV, which returned 17.3% over 4 years to August 2011 and is made up of direct, secondary and primary private equity investments with exposure to around 2,000 portfolio companies.
"Our strategy is to diversify over the years by buying historic vintages and mature portfolios to create a more stable cash flow," said Stephen Schäli, group head, Partners Private Equity.
"We also employ a dynamic asset allocation that allows us to take advantage of secondary opportunities during down cycles, where prices vary and the amount of sellers fluctuates too."
Since opening its Sydney office in 2008, Partner's Group has established itself as a leading independent private markets asset manager. The group recently appointed Scott Dingle from QIC to focus on private equity investments.
It is often said by equity managers with a mandate to scour the entire globe for investment ideas that getting the geographic allocation right in any given year is the most important driver of returns.
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