Partners Group closes $1B Asia private credit mandate

Partners Group, a Swiss private markets firm, has closed a new USD 1 billion private credit mandate with an unnamed major institutional investor in Asia. The open-ended evergreen structure includes a discretionary tranche managed by Partners Group and co-investment capital, and will invest in senior and junior direct lending opportunities across Asia-Pacific, diversified across sectors and jurisdictions. This mandate is part of a series of more than five institutional mandates closed in Asia over the past year, including an EUR 800 million mandate for a regional sovereign wealth fund. Partners Group highlights growing demand from Asian institutional investors, particularly sovereign wealth funds and insurers in Southeast Asia and Japan, for private credit allocations seeking attractive risk-adjusted returns relative to public fixed income. The firm has a 15-year track record in Asian private credit and manages over USD 40 billion in private credit assets globally. Partners Group has been operating in Asia since 2004, with its regional headquarters in Singapore and over 550 employees across the region.