Partners Group secures $1bn Asia private credit mandate
Partners Group has secured a $1bn private credit mandate from an unnamed major institutional investor in Asia, as demand for private debt continues to grow among regional allocators, according to a press statement by the firm.
Partners Group has successfully secured a substantial $1bn private credit mandate from a prominent institutional investor in Asia, as reported in a company press statement. This open-ended, evergreen agreement will grant the investor long-term exposure to private credit across the Asia-Pacific region. Partners Group will oversee a discretionary portion of the capital and work co-investments.
The portfolio aims to target senior and junior direct lending opportunities across various sectors and jurisdictions, designed to cater to the client's specific capital deployment needs. The firm has a strong history in the region, managing over $40bn of private credit assets globally. This mandate joins a series of recent institutional appointments secured by Partners Group in Asia, with a total of more than five mandates closed with major investors in the past year.
Kevin Lu, chair of Asia at Partners Group, noted that regional institutional investors are increasingly seeking to incorporate private markets exposure in their domestic portfolios, with private credit gaining particular interest from sovereign wealth funds and insurers in Southeast Asia and Japan.
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