Partners eyes summer close on $2bn PE fund

The multi-strategy private markets firm held a first close in February on its flagship direct private equity fund.

Partners Group, the private markets investor, expects to close its flagship direct private equity fund this summer, according to Lukas Bucher, a managing director in the firm’s industry value creation team.

Partners Group Direct Investments 2016 has a target size of $2 billion, according to PEI data. The firm held a first close on the fund on $1.5 billion in February this year.

Bucher was discussing operational value creation on a panel at PEI’s Operating Partners Forum: Europe, which runs at London’s Institute of Directors on 3 and 4 May.

Among the limited partners which have already backed the fund is the A$12 billion ($9 billion; €8.2 billion) Australian superannuation fund CareSuper, which made a commitment of A$12.9 million.

The predecessor to Partners Group Direct Investments 2016 is a $1.5 billion fund raised in 2015.

Partners Group invests across private equity, real estate, infrastructure, private credit and certain listed assets, investing directly into assets as well as through fund investments and secondaries transactions.