Perpetual AM, Partners Group to explore public and private investment offerings
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The news: Perpetual Asset Management and the Australian arm of Partners Group have entered into a letter of intent to develop investment strategies that combine public and private investment assets.
The numbers: Partners Group is primarily based in the US and has USD152 billion ($233.14 billion) in assets under management.
The context: The agreement will see the two asset managers collaborate to identify, evaluate and pursue strategic opportunities. This includes the potential launch of investment vehicles or products such as listed investment trusts, co-investment, and/or fund structuring.
The agreement will also allow market insight sharing, research and investment perspectives, as well as expanded networking collaboration and cross-border opportunities.
Partners Group has local and global reach in private markets including private equity, infrastructure, real estate, royalties and credit.
What they said: Perpetual head of equities Vince Pezzullo said: “This agreement with Partners Group provides the foundations for public-private strategies that will allow us to invest in a company’s full lifecycle through various markets and also for investors to benefit from exposure to different parts of the capital structure in the future.
“Potential solutions could also allow for dynamic re-allocation between the investment sleeves over time and make use of liquidity and market events to add additional value to client portfolios.”
The source: Perpetual media release
