Swiss PE Partners Group launches debut impact fund with $1b hard cap

Wednesday, March 28, 2018

By Tanu Pandey

Swiss private equity firm Partners Group has launched its first global impact fund, PG LIFE capped at $1 billion, to focus on investments in education, healthcare, energy access, clean energy, and social inclusion.

In a statement on Tuesday, the private investor said the fund will have the dual mandate to achieve attractive risk-adjusted financial returns alongside measurable, positive social and environmental impact.

“In terms of size of investments, in line with typical PG deal sizes, it would be a $100 million to $1 billion total equity cheque from Partners Group – managed funds and/or a $200 million to $2 billion enterprise value. PG LIFE will invest alongside other Partners Group funds,” a spokesperson from the private equity firm told DEALSTREETASIA.

The person further added that interest has been strong for the vehicle and the firm expects a balanced fundraising across the Americas, EMEA and Asia-Pacific. Declining to comment on the timelines for a first or final closing for the vehicle, the group said that it is having “conversations with existing and new clients”. It has also been reported that about 75 per cent of the allocation by the fund may be for equity while the rest could be for debt.

Photo courtesy of Sudipto Sarkar.

Source: DealStreetAsia (link opens in a new window)

ESG, impact investing