Partners Group launches €400m secondaries fund

Partners Group, the Swiss alternative investment group, has launched a €400m ($450m) fund for buying investors' stakes in private equity funds, based on estimates that there could be more than $50bn of secondary transactions over the next three years globally.

The fund is its first in the private equity secondaries market, which is dominated by Coller Capital and Lexington Partners, and complements its existing range of private equity and hedge funds of funds.

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