Net profits at Partners Group, the Swiss alternative investments manager, rose 61% to Sfr228m (â¬162m) last year on the back of its private equity business, despite the evaporation of larger buyouts in the second half amid a shortage of available debt.
Marcel Erni, chief investment officer, said investment in larger private equity funds was no longer so attractive, but the secondary market - in which investors sell their stakes in the funds to one another - was still active.
