Switzerland-based private markets company Partners Group has introduced a new private wealth business unit to further serve individual investors.
The launch formalises the company’s private wealth fundraising offerings.
The new unit comprises $37bn in assets under management (AuM), which represents around a third of the company’s total $131bn in AuM.
It will be jointly headed by the firm’s partner and managing director Robert Collins and Christian Wicklein, respectively.
Wicklein will look after the Americas and Europe as well as Asia-Pacific (APAC) region.
Recently, Partners Group appointed Singapore-based Henry Chui to lead its Asian operations to grow its private wealth business in the region.
Partners Group partner and CEO David Layton said: “As a firm, we distinguish ourselves through providing bespoke solutions and tailoring access for individual investors, which has been a focus for decades.
“By carving out Private Wealth from our institutional investor activities, we are emphasising these clients’ differentiated needs and further cementing our leadership position for the future.”
Partners Group currently works with several banks, wealth managers, financial advisors, and registered investment advisors (RIA) worldwide to offer its clients access to private markets.
Wicklein said: “Individual investors are increasingly looking to gain exposure to the growing portion of the real economy that can only be accessed through private markets.
“With our established track record of industry leadership in transformational business building, and our bespoke product shelf, Partners Group aims to remain the provider of choice for financial advisors and their clients.”
In October 2020, Partners Group announced a long-term partnership with UBS provide its private markets investment offerings to the latter’s wealth management clients.