Mezzanine demand powers Partners Group fund

Surging demand has enabled Swiss alternative asset manager Partners Group to close a mezzzanine fund almost 50% above its original target, as investors look to take advantage of rising yields for subordinated debt.

The group closed PG Global Mezzanine 2007, which will invest directly in the subordinated debt which ranks next to equity in the capital repayment structure of a company, on €447m ($710m).

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