Partners Group secures $15bn for latest infrastructure strategy
Partners Group has raised more than $15bn in commitments for its newest direct infrastructure investment programme, marking one of the firm’s largest infrastructure fundraises to date despite broader challenges facing parts of the private markets industry, according to a report by Bloomberg.
The new strategy is around 50% larger than its predecessor and will focus on acquiring controlling stakes in infrastructure businesses spanning sectors including energy transition, utilities, digital infrastructure and other essential infrastructure platforms.
Approximately 40% of the capital has already been deployed across 11 investments. Existing portfolio companies include US mobile power generation provider Life Cycle Power and Singapore-based data centre platform Digital Halo, both of which formed part of the vehicle’s initial investments.
The fundraising represents a significant milestone for the Swiss private markets manager, which oversees approximately $186bn in assets across private equity, private credit, infrastructure and real estate. The close comes after the firm faced increased investor scrutiny following redemption restrictions imposed on one of its evergreen funds earlier this year.
According to Esther Peiner, Partners Group’s global head of infrastructure, infrastructure continues to attract institutional investors seeking resilient assets capable of delivering stable cash flows during periods of market uncertainty.
The asset class has benefited from growing investor demand as long-term contracted assets such as renewable energy projects, utilities, transport infrastructure and digital networks offer inflation-linked revenues and relatively predictable returns compared with more cyclical investments.
Partners Group expects to fully deploy the strategy by late 2027 or early 2028, building a portfolio of around 20 to 25 investments.
The firm also sees opportunities emerging as significant amounts of capital flow into AI-related infrastructure, particularly data centres and supporting assets. Peiner said the concentration of investment in AI infrastructure is leaving some more traditional infrastructure sectors comparatively underserved, creating attractive investment opportunities for long-term investors.
The programme combines a traditional closed-end fund with customised investment mandates for large institutional clients, alongside an evergreen structure designed to provide access for smaller institutional and private wealth investors.
