Partners Group launches “evergreen” fund

Partners Group launches “evergreen” fund
Partners Group launches “evergreen” fund

On May 7, 2024, Partners Group announced the launch of a new fund, the Partners Group Private Equity Evergreen, compliant with the Eltif regime. This new fund, domiciled in Luxembourg, joins other Eltif previously launched by the private markets company, notably the Partners Group Private Markets Eltif Sicav-Sif, the Partners Group Direct Equity Eltif Sicav, the Partners Group Direct Equity II Eltif Sicav and the Partners Group Private Markets II Sicav.

Investors in the fund will benefit from “typical features of evergreen funds,” a Partners Group statement said. Evergreen funds are generally open-ended, meaning they have no closing date and can accept new investors. The Eltif structure, the firm adds, “provides an additional layer of investor protection and simplified administration.”

Amendments to the Eltif Regulation, which entered into force in 2023, widened the scope of eligible assets and provided a broader definition of “real assets”. The removal of minimum investment thresholds for retail investors and greater flexibility in portfolio composition are also seen as benefits.

Partners Group’s new fund is available to individual investors through the company’s network of distribution partners in the markets of Germany, France, Spain, Italy, Benelux and other countries. The minimum investment level is €10,000/$10,000, according to the press release, and “offers the flexibility to increase or decrease investment on a monthly basis.” Individual investors in the fund, including retail clients who are not considered professional investors, will invest in parallel with institutional investors.

The Swiss company, which launched its first evergreen fund in 2001, manages more than $40 billion in assets through its private management solutions and $147 billion in assets as of December 31, 2023. It has 20 offices worldwide and employs more than 1,900 people.

This article was written by in English, translated and published by Paperjam in French.

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