Partners Group raises €680m for Global Value fund

The Partners Group Global Value 2011, which focuses on several investment strategies globally, is already more than 50% deployed.

Zug-headquartered Partners Group has reached a final close on its €680 million 2011 Global Value fund, according to a statement. 

The Global Value fund is larger than its €530 million predecessor, a 2008 vintage, and its debut Global Value fund, which closed on €400 million in 2006. It will invest in a range of private equity strategies, varying from direct, secondary and primary private equity investments to mezzanine – which according to the firm allows it to build an “all-weather” portfolio.

Partners Group declined to provide any further comment.

At the time of the final close, Partners Group Global Value 2011 was already more than 50 percent deployed. Partners used the fund to acquire SBF Group, a sporting retailer in Brazil, for $225 million last November. In July, the firm teamed up with Silver Lake Partners to invest €1 billion in Global Blue, a leading global provider of travel-related financial services including tax-free shopping refund services. 

“The Global Value 2011 vehicle has already benefitted from distributions from several mature assets in its secondary portfolio, as well as the early repayment of a mezzanine investment in a healthcare provider,” Stephan Schäli, partner and head of private equity at Partners Group, said in the statement. 

LPs in Partners Group Global Value 2011 are a mix of new and prior investors from corporate and public pension plans, insurance companies and financial institutions from around the world, the firm said. 

It is the third fund Partners Group has raised in recent months. Last December, the firm reached its €2 billion hard-cap for its latest secondary fund, Partners Group Secondary 2011, which was oversubscribed. In September, it raised €375 million for its debut credit fund.