Partners Group has launched an evergreen fund for the wealth market, investing in royalties.
The private markets asset manager’s new fund will invest alongside an existing institutional royalties evergreen fund, which was launched in January 2025. Both evergreen funds will have access to the same royalties deals.
The private wealth fund has a minimum investment of $10,000 (£7,419) and is available to individual investors in Europe, the Middle East and Asia.
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It is targeting a 10 per cent net return and a cash yield of four to six per cent per annum.
Partners Group’s cross-sector royalties strategy invests in both established sectors, such as intellectual property assets across the pharmaceuticals and entertainment industries, as well as emerging high-growth sectors like the energy transition, sports and brands.
“Investors in our private wealth evergreen fund will have immediate exposure to the same global royalties portfolio, designed to deliver consistent returns through market cycles, as our institutional clients,” said Christian Wicklein, co-head private wealth, Partners Group.
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“Partners Group’s royalties portfolio has low correlation with other asset classes, providing diversification benefits, and offers an inflation hedge.”
Partners Group has closed 11 investments in the royalties space over the past 12 months, including an investment in Warner Bros. Discovery’s catalogue of film and television music rights, which was one of the largest music rights transactions in history.
The firm said that it expects to deploy up to $750m into royalties this year.
“Our pioneering royalties strategy follows a relative value approach where we shift between sectors and structures depending on what offers the best opportunities at a given point in time,” said Stephen Otter, head of royalties, Partners Group.
Partners Group manages $48bn of assets across its evergreen funds globally, representing around a third of its total assets under management.
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