Partners Group, the Swiss private markets investment manager, has been awarded a mandate by the sovereign wealth fund Korea Investment Corporation (KIC) to invest in a broad range of real estate products. According to the company, 'the property market offers attractive opportunities following recent market dislocations'.
Partners Group, the Swiss private markets investment manager, has been awarded a mandate by the sovereign wealth fund Korea Investment Corporation (KIC) to invest in a broad range of real estate products. According to the company, 'the property market offers attractive opportunities following recent market dislocations'.
'We believe KIC stands to profit from providing financing to property investors in need of repairing the balance sheets of their investments,' said Nori Gerardo Lietz, partner and Chief Strategist Private Real Estate at Partners Group. According to Partners Group, recapitalization currently constitutes one of the most attractive opportunities in the real estate sector, particularly in developed markets. 'We expect these opportunities to remain available for a period of time going forward,' Lietz said.
'We are very excited about the outlook for profitable investments in the private real estate restructuring and recapitalization space,' added Dong-Ik Lee, managing director at KIC.
Partners Group is an investment management firm with over EUR 20 bn under management in private equity, private debt, private real estate and private infrastructure. The firm is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Dubai, Singapore, Beijing, Tokyo and Sydney.
