Swiss asset manager Partners Group has announced it has raised over $1.1 bn (€1 bn) for its latest global private real estate investment strategy, Group Global Real Estate 2014.

Swiss asset manager Partners Group has announced it has raised over $1.1 bn (€1 bn) for its latest global private real estate investment strategy, Group Global Real Estate 2014.

The equity raising - Partners' largest in real estate ever - is the third of its kind and is successor to Partners Group Global Real Estate 2011, which closed at over $800 mln in 2012.

Investors include a mix of new and existing institutional investors from public and corporate pension plans, endowment funds and foundations, insurance companies and financial institutions from around the world.

The funds will be deployed on behalf of investors in direct, secondary and primary real estate transactions.

At the time of closing, the investment programme was 49% committed to a range of investments including a portfolio of four indoor shopping centers in Norway, eight residential properties in Denmark, and several cash flow-generating property portfolios in the Nordics and Switzerland, which were acquired at significant discounts to net asset value.

'The even stronger interest we have seen from clients in our 2014 global real estate program highlights the continued appeal of our global integrated approach, based on our systematic relative value investment strategy,' said Claude Angéloz, Partner and Co-Head Private Real Estate. 'In addition to the fund, many of our large clients have chosen to pursue the same strategy through customized separate accounts.'