Swiss-based alternative asset manager, Partners Group, has been selected as the manager for a private equity secondary mandate by the sovereign wealth fund Korea Investment Corporation (KIC).
KIC aims to profit from current dislocations in the secondary market which offers high discounts to net asset value and attractive return potential. The hedge fund firm has four offices located in the Asia-Pacific region, with Singapore being the second-largest office worldwide.
''We are very pleased to launch this secondary investment mandate with Partners
Group.'' Dong-Ik Lee, Head of the Alternative Investment Team at KIC, said, ''We believe that leveraging a very strong and experienced manager like Partners Group is the right way to explore and profit from this market.''
Steffen Meister, CEO of Partners Group, added, ''We are extremely pleased and honored to work with the Korea Investment Corporation, which we consider to be one of the most prestigious sovereign wealth funds around the world and one of the most sophisticated investors in Asia.''
Partners Group has over CHF 24 billion ($22 billion) in investment programs under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives.
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