Partners targets sovereign wealth

Partners Group has given Erik Kaas the task of developing its investor base to include sovereign wealth funds as the firm promotes a number of other colleagues.

Partners Group, a Switss global alternative asset manager, has made a slew of year-end promotions as well as re-jigging its management team.

Erik Kaas, co-head of markets, will join the business development committee, which oversees the strategic development of the firm, and will assume responsibility for key accounts as well as for the build-up of investor segments such as the increasingly important sovereign wealth funds.

In a recent interview with PEO, Urs Wielisbach, the firm’s executive vice chairman, said Partners Group wanted to get closer to the sovereign wealth funds. He said: “We want more regular contact. We have a lot to offer them. They need to put out a lot of money.”

Stefan Näf will replace Erik Kaas on the executive board as of 1 January 2008 and will oversee the day-to-day operations as co-head of markets.

Philipp Gysler, currently head private alternative investment strategies, will focus on further strengthening the position Partners Group has established in Asia together with Christoph Rubeli, head of markets in Asia and the Middle East.

Reflecting the importance of this geographical area for Partners Group, Gysler will remain on the executive board and will be stationed in Singapore as of mid-2008, the firm said. Stephan Schäli will represent the private alternative investment strategies department on the executive board as of 1 January 2008.

In addition, the following professionals at Partners Group were promoted: Pam Alsterlind, co-head private real estate investment management, became a partner; as did Henning Eckermann, chief economist.

Nan Leake, senior investment professional in the private real estate team, was promoted to principal. So too was Reto Schwager, responsible for distribution partners in the markets team. Marc Weiss, senior investment professional in the real estate team, also became a principal.

Finally, Cyrill Wipfli, business strategy and corporate development, was promoted to principal.