TORONTO--(BUSINESS WIRE)--Partners Group1, one of the largest firms in the global private markets industry, announced today that it is introducing access to Partners Group Next Generation Infrastructure to eligible Canadian accredited investors through a partnership with iCapital, the global fintech platform driving access to alternative investments for the wealth management industry. This offering will allow eligible Canadian accredited investors to gain access to Partners Group Next Generation Infrastructure through the Partners Group NXGN Infrastructure Canada (Access Fund) (“Fund”)2 on iCapital’s alternative platform. The Fund will be managed by iCapital Network Canada Ltd., a Canadian investment fund manager.
The Fund is the latest in a series of evergreen funds that Partners Group has introduced this year, building on the firm's status as one of the pioneers in developing innovative solutions to help a growing number of individual investors access private markets. Partners Group has run private markets focused evergreens since 2001 and is now expanding to additional asset classes for its evergreen solutions.
The Fund will be available for investments beginning at CAD 25,000. Individual investors will invest strictly in parallel with institutional investors, gaining access to the same investment content through Partners Group's pro rata allocation policy. Institutional investors, which are increasingly looking at evergreen solutions, can also access the Fund.
Partners Group has over 15 years of infrastructure investing experience and now has more than USD 26 billion in infrastructure assets under management globally. Partners Group Next Generation Infrastructure will focus on:
- Attractive risk-adjusted returns3 on a portfolio of global infrastructure investments
- Value-add and core-plus infrastructure with a focus on direct investments, which will be complemented by secondary investments
- Capex-intensive businesses with contracted, regulated or recurring cash flows; leading market share; high barriers to entry; and low disruption
Partners Group has USD 45 billion in assets under management across its evergreen products, up from USD 7 billion in 2014. As of 30 June 2024, Partners Group manages 30% of its total AuM (USD 149 billion) in evergreen programs.4 Partners Group launched the first US private equity evergreen fund under the 1940 Act in 2009, which now has around USD 16 billion NAV.5
About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which any offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the securities laws of any such jurisdiction. Certain information contained in this presentation constitutes “forward-looking statements.
Risk factors & suitability considerations
This information contained herein is for discussion purposes only and highly confidential and is being provided to you at your request and is not an offer to sell or solicit an offer to buy an interest in a fund. It is not intended that it be relied on to make any investment decision. The information is not to be published, reproduced and redistributed in any form by recipients without the prior consent of Partners Group AG or its relevant affiliate (generally, “Partners Group”). Each person accepting this presentation thereby agrees not to distribute it to any other party and to return it promptly upon request. A private offering of interests in a fund will be made only pursuant to a confidential private placement memorandum (a “PPM”) and the applicable fund’s subscription documents, which will be furnished to a limited number of qualified investors on a confidential basis at their request in connection with such offering. The information contained herein will be superseded by, and is qualified in its entirety by reference to, the PPM, which contains information about the investment objective, terms and conditions of an investment in a fund and also contains tax information and risk disclosures that are important to any investment decision regarding that fund. The information contained herein was prepared without regard to the specific objectives, financial situation or needs of any particular investor who may receive this presentation. An investment is not a deposit and is not insured by the federal deposit insurance corporation or any other government agency or by Partners Group.
Investments in Partners Group Next Generation Infrastructure Fund are speculative and will involve significant risks, including loss of the entire investment and lack of transparency. Before deciding to invest in a fund, prospective investors should pay particular attention to the risk factors contained in the PPM. Investors should have the financial ability and willingness to accept the risks inherent in a fund’s investment.
Certain significant risks of Partners Group Next Generation Infrastructure Fund include, but are not limited to: lack of operating history; economic, political and legal risks; currency risk; leverage risk of borrowing by a fund; auditing and financial reporting; possible lack of diversification; control issues; financial market fluctuations; illiquid investments; mezzanine investments; real estate; hedging risk and adjustment of the relative value weights by the general partner.
In the event an investor in a fund defaults on its obligation, a fund might be unable to pay its funding obligations to one or more of the investment funds and thus be deemed to be in default. In such an event, a fund, and therefore all investors in a fund (including those not in default), could become subject to consequences that may result in significant penalties that could materially adversely affect the returns to investors.
An investment in the fund shall not grant any investor rights (including voting rights) with respect to the investments made by the fund. A fund’s investments, or institutions related to a fund’s investment, may have other business relationships with the general partner of such fund or its affiliates.
Investors will not have an opportunity to evaluate the terms of a potential investment by the fund prior to the fund making such investment. Partners Group, in the course of establishing and managing the fund has obtained and may in the future obtain certain confidential information relating to underlying funds in which the fund invests and their respective portfolio companies that has not been and will not be disclosed. Because of the specialized nature of funds, an investment in a fund may not be suitable for certain investors and, in any event, an investment in a fund should constitute only a limited part of an investor’s total portfolio.
Partners Group and its affiliates do not provide tax advice. Nevertheless, to ensure compliance with requirements imposed by the U.S. Internal Revenue Service, we inform you that, unless specifically indicated otherwise, any US federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
Certain information contained herein has been obtained from sources Partners Group believes to be reliable. Partners Group does not undertake to update any information contained in this presentation. Any forecasts provided herein are based upon Partners Group’s opinion of the market and are subject to change at any time.
Investors should bear in mind that past performance is not indicative of future results. There can be no assurance that any fund will achieve its targeted results. Certain information contained herein constitutes forward-looking statements. Due to various risks and uncertainties, actual events or results or actual performance of a fund may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions.
Disclosure obligations
Securities may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of securities must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.
Securities legislation in certain provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if offering documentation (including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser’s province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser’s province or territory for particulars of these rights or consult with a legal advisor.
Important Information
Any security offering is subject to certain investor eligibility criteria as detailed in the applicable offering documents. The information contained herein is confidential and may not be reproduced or circulated in whole or in part. The information is in summary form for convenience of presentation, it is not complete and it should not be relied upon as such.
Any interests referenced herein have not been and will not be approved or disapproved by the U.S. Securities and Exchange Commission or by the securities regulatory authority of any U.S. state or any other relevant jurisdiction, and no other authority or commission has passed upon the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offense.
All information, including performance information, has been prepared in good faith; however, Partners Group makes no representation or warranty express or implied, as to the accuracy or completeness of the information, and nothing herein shall be relied upon as a promise or representation as to past or future performance. This material may include information that is based, in part or in full, on hypothetical assumptions, models and/or other analysis of Partners Group (which may not necessarily be described herein), no representation or warranty is made as to the reasonableness of any such assumptions, models or analysis. Any charts which represent the composition of a portfolio of private markets investments serve as guidance only and are not intended to be an assurance of the actual allocation of private markets investments. The information set forth herein was gathered from various sources which Partners Group believes, but does not guarantee, to be reliable. Unless stated otherwise, any opinions expressed herein are current as of the date hereof and are subject to change at any time. All sources which have not been otherwise credited have derived from Partners Group.
No representation is being made that any account or fund will or is likely to achieve profits or losses similar to the results being portrayed herein. The gross annual rate of returns represents the compound annual rate of return (“IRR”) before management fees, organizational expenses and the general partner’s allocation of profit, but in some instances (where indicated), net of the underlying general partner’s fees and expenses. The net annual rate of return represents the IRR after management fees, organizational expenses and the general partner’s allocation of profit. Actual realized returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets, market conditions at the time of disposition, any related transaction costs, and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the valuations used in the performance data contained herein are based. Accordingly, the actual realized returns on these unrealized investments may differ materially from the returns indicated herein. Nothing contained herein should be deemed to be a prediction or projection of future performance of any investment.
Certain information contained in this presentation constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any investment may differ materially from those reflected or contemplated in such forward-looking statements.
Material notes to investors based in Canada This material is presented to investors on behalf of Partners Group AG. Statements herein do not necessarily pertain to Partners Group (USA) Inc., an affiliate of Partners Group AG. Partners Group (USA) Inc. is registered as an exempt market dealer, international fund manager and portfolio manager under the securities laws of certain Provinces of Canada. For information specifically regarding Partners Group (USA) Inc., please contact us.
Foreside Fund Services provides marketing review services. Foreside Fund Services is not affiliated with Partners Group or any of its subsidiaries
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1This release is being made by Partners Group pursuant to ACA Foreside’s International market dealer exemption. Foreside is not registered as a dealer in Canada. Foreside provides its services in Canada under the international dealer exemption from applicable Canadian provincial dealer registration requirements. Foreside’s head office is located in Maine. All, or substantially all, of Foreside’s assets may be situated outside of Canada. As a result, there may be difficulty enforcing legal rights against Foreside.
2There is no assurance that stated investment strategy will materialize and/or be successful. Your capital is at risk. All investors should familiarize themselves with the risks and all of the product features in order to ensure they can bear the risks involved.
3Risk-adjusted return refers to an investment’s return by measuring how much risk is taken in producing that return.
4Unaudited, inclusive of all Partners Group affiliates, as of June 30, 2024.
5For illustrative purposes only. Not all Partners Group evergreen funds are available to Canadian investors.
