Partners raises €400m

Partners Group, the Swiss-based alternative asset manager, has reached final close on Partners Group Global Value 2006. The fund reached its target value of €400 and is currently 39% invested and will commence distribution activity to investors shortly. The distributions will predominantly result from successful exits in the secondary portfolio, including a multiple of 4.5x achieved on an investment in a company specializing in the global research laboratory industry as well as a 3.9x multiple received from an investment in a computer network services company. Additionally one of the funds direct investments in Paris Re, a reinsurance company, has filed for an IPO. Among the LPs participating in the fund are corporate and public pension plans, insurance companies, family office and endowments from the US, UK and Europe.