Private equity firm Partners Group has closed a fund with €680 million (U.S. $886.3 million) in commitments.
Partners had started the fund, called Partners Group Global Value 2011, in 2011. More than 50 percent of the fund is already committed to private equity investments, including Global Blue, a company based in Nyon, Switzerland that provides travel-related financial services, and SBF Group, a Brazilian sporting goods retailer.
Investors include corporate and public pension plans, insurance companies and financial institutions.
Partners, headquartered in Zug, Switzerland, also closed funds in 2006 and 2008, with €400 million (U.S. $521.4 million) and €530 million (U.S. $690.8 million), respectively. The firm also closed on its senior-debt private-market credit strategies fund at €375 million (U.S. $480 million) in September 2012.
The fund will invest in private equity deals, secondary purchases, mezzanine financings and other things.
In March, Partners invested $110 million in Barcelona-based Softonic, a program that lets users find information about software programs or electronic devices.