Partners Group has expanded its growth equity strategy in an effort to capitalize on opportunities in high-growth industries, particularly technology and healthcare, while in turn launching new evergreen funds in the US and Canada.
The Swiss private equity firm on November 19 said it will utilize its thematic sourcing approach and existing network to identify more prospective targets within the expanded strategy's focus areas. In support of that expanded strategy, it said it recently launched a new growth-investments-focused evergreen fund in the US. Partners Group said it plans to launch additional dedicated growth equity investment programs in the future.
Meanwhile, the company also separately announced partnering with iCapital to offer accredited Canadian investors access to a new infrastructure evergreen fund. Managed by iCapital’s Canadian investment manager subsidiary, the latest fund will provide high-net-worth Canadian investors with access to its Next Generation Infrastructure strategy through the Partners Group NXGN Infrastructure Canada access fund.
In May, Partners Group launched an industry-first private equity evergreen fund in line with the European long-term investment fund structure regulations. It sought the assistance of Northern Trust for the fund, which it designed to give investors more access to non-listed assets. More recently, in June, the firm completed fundraising on its fifth direct private equity fund, securing $15B in capital commitments.
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