Baar-Zug, Switz\u00ader\u00adland \u2014 Part\u00adners Group, a leading global mana\u00adger of private market assets, has recei\u00adved a total of USD 8.5 billion from its clients for its third direct infra\u00adstruc\u00adture program. The program is based on Part\u00adners Group\u2019s third direct infra\u00adstruc\u00adture fund, which recei\u00adved $6.4 billion in new capi\u00adtal commit\u00adments. In addi\u00adtion, commit\u00adments of $2.1 billion were made from other private market programs and custo\u00admi\u00adzed client solu\u00adti\u00adons that will invest in paral\u00adlel with the program.<\/p>\n
Juri Jenk\u00adner, Part\u00adner<\/strong>, Head Private Infra\u00adstruc\u00adture, says: \u201cWe are grateful for the contin\u00adued trust our clients have placed in our trans\u00adfor\u00adma\u00adtive invest\u00adment stra\u00adtegy. We believe our thema\u00adtic invest\u00adment approach and plat\u00adform expan\u00adsion capa\u00adbi\u00adli\u00adties uniquely posi\u00adtion us to build a port\u00adfo\u00adlio of next-gene\u00adra\u00adtion infra\u00adstruc\u00adture projects for our clients.\u201d<\/p>\n The comple\u00adtion of the fund\u00adrai\u00adsing follows an intense period of invest\u00adment acti\u00advity for Part\u00adners Group. In 2021, a total of $5.4 billion was inves\u00adted in infra\u00adstruc\u00adture assets and compa\u00adnies that reflect Part\u00adners Group\u2019s thema\u00adtic invest\u00adment philo\u00adso\u00adphy. These include: EOLO, Italy\u2019s leading fixed wire\u00adless broad\u00adband access provi\u00adder; GREN, one of the largest district heating plat\u00adforms in the Baltic States; Unity Digi\u00adtal, a wire\u00adless tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons infra\u00adstruc\u00adture plat\u00adform in the Phil\u00adip\u00adpi\u00adnes; Dimen\u00adsion Rene\u00adwa\u00adble Energy, a distri\u00adbu\u00adted energy plat\u00adform focu\u00adsed on commu\u00adnity solar and battery storage in the U.S.; Resi\u00adli\u00adent, a distri\u00adbu\u00adted water infra\u00adstruc\u00adture plat\u00adform in the U.S. and Canada; and North Star, a Euro\u00adpean opera\u00adtor of specia\u00adli\u00adzed vessels for offshore wind maintenance.<\/p>\n The rema\u00adin\u00adder of the program will invest on behalf of inves\u00adtors globally and will focus on infra\u00adstruc\u00adture in stra\u00adte\u00adgic thema\u00adtic areas rela\u00adted to the over\u00adar\u00adching Giga themes of Digi\u00adta\u00adliza\u00adtion & Auto\u00adma\u00adtion, New Living and Decar\u00adbo\u00adniza\u00adtion & Sustaina\u00adbi\u00adlity. In doing so, Part\u00adners Group pursues a plat\u00adform expan\u00adsion stra\u00adtegy that targets compa\u00adnies or assets in infra\u00adstruc\u00adture sub-sectors that are show\u00ading above-average growth due to trans\u00adfor\u00adma\u00adtive trends.<\/p>\n Part of the program is inves\u00adted in next-gene\u00adra\u00adtion infra\u00adstruc\u00adture that contri\u00adbu\u00adtes to impro\u00adved sustaina\u00adbi\u00adlity and supports the UN Sustainable Deve\u00adlo\u00adp\u00adment Goals. Ther\u00ade\u00adfore, clean energy, water treat\u00adment and reuse, and data centers powered by rene\u00adwa\u00adble energy are among Part\u00adners Group\u2019s thema\u00adtic focus areas. Once inves\u00adted, the ESG & Sustaina\u00adbi\u00adlity team works hand-in-hand with the invest\u00adment teams to deve\u00adlop ESG-focu\u00adsed value crea\u00adtion initia\u00adti\u00adves for each invest\u00adment project.<\/p>\n Esther Peiner, Mana\u00adging Direc\u00adtor<\/strong>, Private Infra\u00adstruc\u00adture Europe, comm\u00adents: \u201cWe strive to gene\u00adrate sustainable returns for our inves\u00adtors while crea\u00adting a posi\u00adtive impact for our wider stake\u00adhol\u00adders. Our approach consists of thema\u00adtic invest\u00adments combi\u00adned with prac\u00adti\u00adcal, plat\u00adform-based value crea\u00adtion stra\u00adte\u00adgies. They aim to deve\u00adlop next-gene\u00adra\u00adtion infra\u00adstruc\u00adture and gene\u00adrate returns that are protec\u00adted from econo\u00admic insta\u00adbi\u00adlity. Given the uncer\u00adtainty caused by the pande\u00admic and the infla\u00adtion concerns that still exist, this approach is more rele\u00advant than ever.\u201d<\/p>\n Inves\u00adtors in Part\u00adners Group\u2019s third direct infra\u00adstruc\u00adture program include both new and exis\u00adting clients, inclu\u00adding public and corpo\u00adrate pension funds, sove\u00adreign wealth funds, insu\u00adrance compa\u00adnies, endow\u00adment funds and foun\u00adda\u00adti\u00adons. Appro\u00adxi\u00adm\u00adately one-third of the capi\u00adtal commit\u00adments came from outside Part\u00adners Group\u2019s Euro\u00adpean home market, reflec\u00adting growing inves\u00adtor demand for globally diver\u00adsi\u00adfied and thema\u00adti\u00adcally focu\u00adsed infra\u00adstruc\u00adture port\u00adfo\u00adlios. Part\u00adners Group\u2019s foun\u00adders, part\u00adners and other employees have also inves\u00adted signi\u00adfi\u00adcantly in the program.<\/p>\n Vitto\u00adrio Laca\u00adgnina, Mana\u00adging Direc\u00adtor, Client Solu\u00adti\u00adons, concludes, \u201cThe successful comple\u00adtion of the fund\u00adrai\u00adsing reflects the solid perfor\u00admance of our trans\u00adfor\u00adma\u00adtive invest\u00adment stra\u00adtegy and resi\u00adli\u00adence of the port\u00adfo\u00adlio, which we have demons\u00adtra\u00adted in the face of a protra\u00adc\u00adted pande\u00admic and rising infla\u00adtion. The program bene\u00adfits from a sizable seed port\u00adfo\u00adlio charac\u00adte\u00adri\u00adzed by strong invest\u00adment acti\u00advity, poten\u00adti\u00adally miti\u00adga\u00adting the J\u2011curve. The program was laun\u00adched in a market envi\u00adron\u00adment where acce\u00adle\u00adra\u00adting beha\u00advi\u00adoral and struc\u00adtu\u00adral chan\u00adges are crea\u00adting compel\u00adling oppor\u00adtu\u00adni\u00adties for insti\u00adtu\u00adtio\u00adnal investors.\u201d<\/p>\n Part\u00adners Group\u2019s previous flag\u00adship direct infra\u00adstruc\u00adture fund curr\u00adently has a net IRR of 15.5% and a net TVPI of 1.51x (fund closed in 2018; perfor\u00admance as of Septem\u00adber 30, 2021. Past perfor\u00admance is not indi\u00adca\u00adtive of future results. There can be no assu\u00adrance that simi\u00adlar results will be achie\u00adved in the future. Values are for illus\u00adtra\u00adtive purpo\u00adses only).<\/p>\n","protected":false},"excerpt":{"rendered":" Baar-Zug, Switz\u00ader\u00adland \u2014 Part\u00adners Group, a leading global mana\u00adger of private market assets, has recei\u00adved a total of USD 8.5 billion from its clients for its third direct infra\u00adstruc\u00adture program. The program is based on Part\u00adners Group\u2019s third direct infra\u00adstruc\u00adture fund, which recei\u00adved $6.4 billion in new capi\u00adtal commit\u00adments. In addi\u00adtion, commit\u00adments of $2.1 billion [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39472,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-40175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors","news-category-private-equity-news-en"],"yoast_head":"\n