Partners Group targets USD 1.5 billion for latest real estate secondaries program
- Partners Group targets USD 1.5 billion fund raise
- First close secured with over USD 650 million
- Focus on income assets via GP and LP secondaries
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Partners Group / Key word(s): Funds London, UK; 11 June 2026 |
- Partners Group has held a first close with over USD 650 million in commitments
- The Program will focus on investing in quality income-producing assets through providing liquidity to both GPs and LPs
- Partners Group has invested over USD 6 billion across more than 120 real estate secondaries transactions globally since 2008
Partners Group, one of the largest firms in the global private markets industry, is targeting USD 1.5 billion for its fifth real estate secondaries program ("the Program"), which includes a closed-end fund as well as bespoke mandates and other vehicles that will allocate to the same strategy. The Program has held a first close with over USD 650 million in commitments.
The Program will focus on investing in quality income-producing assets by providing liquidity to both GPs and LPs through GP-led secondaries, LP-led secondaries, and other liquidity solutions. The fund is seeded with an LP-led secondary portfolio that is comprised of three global real estate funds with significant investments across the residential, industrial, and hospitality sectors, which have strong thematic tailwinds.
The real estate secondaries market is benefitting from growing momentum driven by lower transaction volumes and slower fundraising cycles, which is forcing investors and managers to explore alternative liquidity options. In addition, approaching debt maturities are causing the attractive re-pricing of high-quality underlying assets.
Partners Group's previous real estate secondaries program included Real Estate Secondary IV, which is a top-quartile performer amongst 2021/2022 vintage closed-end real estate secondaries funds according to Preqin data. Partners Group has invested USD 6 billion across more than 120 real estate secondaries transactions since 2008.

