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Partners Group opens in Luxembourg

The Swiss alternative asset manager has opened in Luxembourg, where it will use an investor-friendly funds regime to structure products. The firm has already set up some of its funds in the country.

Jerry Ludig has become head of Partners Group’s new Luxembourg office, joining the firm from HSBC Securities Services, the global bank’s fund management arm in Luxembourg, where he focussed on business implementation. He also spent seven years at PricewaterhouseCoopers as an audit supervisor.

Felix Haldner, partner and head investment solutions, said in a statement the increased demand for regulated products had influenced the decision to open a Luxembourg office. “This location will enlarge our structuring possibilities and offer new opportunities for innovative solutions.” The firm has previously set up funds in Luxembourg including Partners Group Global Value SICAV, which invests across alternative assets.

Partners closed a €447 milliion ($713 million) global mezzanine fund last week breaking its €300 million target.

Partners Group has expanded its global office network in the past year, including opening an Australia office two weeks ago and a Japanese office in September 2007.