POWERED BY MOMENTUM MEDIA
Partners Group targets smaller investors
The local arm of the global private markets manager Partners Group has launched the Partners Group Global Value Fund (AUD), which it said will allow small-to-medium institutional and individual investors access to global private equity.
Equity Trustees has been appointed as the responsible entity for the fund, which features an open-ended structure with monthly liquidity. It will have separate unit classes for institutional and individual investors.
The fund invests wholly into the Partners Group Global Value SICAV, which has returned 17.3 per cent over the past four years with significantly less volatility than traditional equities, Partners Group stated.
The fund will invest in direct, primary and secondary private equity markets and provide exposure to around 2,000 portfolio companies on a look-through basis.
"Our strategy is to diversify over the years by buying historic vintages and mature portfolios to create a more stable cash flow," Partners Group head of private equity Stephen Schäli said.
"We also employ a dynamic asset allocation that allows us to take advantage of secondary opportunities during down cycles, where prices vary and the amount of sellers fluctuates too," he said.
Head of the Australian Partners Group operations Martin Scott said initial discussions had generated strong interest from high net worth investors, private banks and select dealer groups.
The launch follows Partners Group's recent expansion of its investment capability with the appointment of Scott Dingle from QIC, who will focus on private equity investments.
Partners Group said it will expand its distribution capabilities by searching for an additional client management resource for the institutional market, and will be reallocating existing resources to provide clients of financial advisers access to private equity markets.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
