Swiss investment manager Partners Group said on Friday that it has closed its first dedicated real estate secondary investment vehicle with total equity commitments of EUR 750 mln.

Swiss investment manager Partners Group said on Friday that it has closed its first dedicated real estate secondary investment vehicle with total equity commitments of EUR 750 mln.

The Partners Group Real Estate Secondary 2009 (Euro) programme was launched to 'capitalize on the firm's extensive resources to source and execute attractive private real estate investments on a global basis,' the Zug-based company said.

The vehicle, which offers exposure to North America, Latin America, Europe and the Asia-Pacific, has already invested 30% of its capital before closing and will continue to target real estate investment opportunities. Its investors base include sovereign wealth funds, endowments, corporate and public pension plans, insurance companies, financial institutions and select high net worth individuals from around the world.

'We are very satisfied with the positive performance of the portfolio to date,' said Marc Weiss, partner at Partners Group. 'With an abundance of deal flow and few market players having capital available to transact on offerings, we are well positioned to secure attractive opportunities for our clients. We are in advanced negotiations to acquire further attractive positions in early 2011.'

Partners Group is a global private markets investment management firm with over EUR 20 bn in investment programmes under management in private equity, private debt, private real estate and private infrastructure. The firm employs over 400 people, is listed on the SIX Swiss Exchange with a market capitalization of over CHF 4.5 bn (EUR 3.4 bn) with a clear majority owned by its 36 partners and all employees.