Goldman picks up Partners’ €800m portfolio

The investment bank has agreed to acquire stakes held in Partners’ 2007-vintage secondaries fund in a deal expected to close by the end of September.

Goldman Sachs has emerged as the buyer of a tail-end portfolio of stakes from Partners Group's 2007-vintage secondaries fund worth around €800 million, PEI's sister publication Secondaries Investor has learned.

The New York-headquartered investment bank signed the deal in early September to acquire the interests held in the €2.5 billion Partners Group Secondary 2008 fund, according to three sources familiar with the transaction.

Pricing details were unclear, with one of the sources saying Goldman would pay a percentage of net asset value in the high 80s, while another source said the discount was in the low single digits.

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