Partners Group raises debut credit fund

Partners Group has raised its first dedicated investment vehicle to provide debt financing to mid-market companies. The firm has been investing in private debt since 1999, but has never had a fund dedicated to the strategy. The €375 million Partners Group Private Markets Credit Strategies 2012 has been raised to meet increased demand for private debt. To avoid conflicts of interest, the fund will have no exposure to the firm’s own private equity activities, a spokesperson said. The credit fund has a term of four years and an additional wind down period of one year and is expected to be 50 percent deployed by the end of 2012.