Partners Group has formed a strategic partnership with Erste Asset Management to offer a private markets solution for Erste Group’s private and institutional clients in Central and Eastern Europe.
It will provide access to private markets opportunities across private equity, private credit, infrastructure, and real estate, and will invest in Partners Group’s direct investments through the firm’s suite of evergreen strategies.
It will be structured under the European Long-Term Investment Fund (ELTIF) 2.0 regulation.
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“We are pleased to join forces with Erste Asset Management to offer both their private and institutional clients access to a flexible, core private markets allocation,” said Markus Pimpl, managing director, client solutions at Partners Group.
“This solution combines the market-leading strengths of both firms to the benefit of Erste’s client base. We look forward to a fruitful collaboration in the coming years.”
Erste AM, the asset management unit of Erste Group, has more than €100bn (£87.6bn) in assets under management.
“This partnership aligns closely with our strategy to broaden our investment offering with innovative private markets solutions that create long-term value for our clients,” added Heinz Bednar, chief executive of Erste Asset Management.
“Partners Group is a global leader in the evergreen space, and by combining their expertise with our deep regional client understanding, we can provide unique access to high-quality private markets investments across Central and Eastern Europe.”
In November, Partners Group, which manages $52bn across its private wealth product suite globally, partnered with Mediobanca Private Banking to launch the first private markets royalties evergreen fund for Italian investors.
The group has signed a series of strategic agreements with financial institutions globally to provide tailored private markets access, including BBVA and Lincoln Financial.
