Partners Group raises over $850M for senior secured debt investments

Partners Group, the global private markets investment manager, has raised in excess of USD 850 million for investments on behalf of its clients in corporate senior secured loans. The capital was raised via its fourth Private Markets Credit Strategies program, PMCS 2014 (IV), as well as a number of separate client mandates. Predecessor PMCS programs are all performing in line with their original target returns, without incurring any credit losses.

Partners Group Private Markets Credit Strategies is a global strategy investing in senior secured loans with a focus on the middle market, which offers the potential for attractive risk-adjusted returns within a relatively short timeframe compared to traditional private markets credit programs. As of 30 April 2015, PMCS 2014 (IV) was fully drawn and committed to 36 credits in Europe, the US and Asia across a wide range of industry sectors. Investments include Busy Bees Childcare, a chain of nursery schools with operations in the UK and Southeast Asia; a European non-food retail chain headquartered in the Netherlands; and a multi-brand outdoor retail group with a strong presence in Benelux and the UK.

Juri Jenkner, Partner and Co-Head Private Debt, Partners Group, comments: “The strong client demand for the PMCS 2014 program shows the enduring appeal of private markets credit strategies to institutional investors looking for current yield. The current market environment is still characterized by the high availability of debt and aggressive pricing in the large cap space, but we continue to see attractive opportunities for flexible and innovative capital providers like us in the middle market, where we focus our investment activities. As a result of continued strong deal flow, we were able to screen 1’050 transactions and invest in over 60 credits during the 12 months until the end of March 2015 on behalf of our clients.”

Source: Partners Group Press Release

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