SWITZERLAND - Partners Group, the Swiss alternative assets manager, has reported a 41% increase in assets under management (AuM) at the end of 2007.

Partners Group said its AuM rose CHF7.1bn (€4.4bn) to CHF24.4bn last year, adding new assets raised and increases of existing investment programmes amounted to CHF8.6bn.

This increase in AuM has led the Swiss alternatives manager to reaffirm it expects to be running CHF30bn for clients, including institutions such as pension funds, private banks and financial brokers, by the end of 2008.

Breakdown of AuM is CHF16.7bn in private equity, CHF2.4bn private debt, CHF300m private real estate, CHF1.4bn listed alternative investments, CHF2.7bn hedge funds, and CHF900m in Partners Group's wealth management practice.

Based in Zug, Switzerland, Partners Group specialises in private equity, non-government debt, unlisted real estate as well as hedge funds and other alternative investment strategies.

Beyond its headquarters, Partners Group has offices in London, the Channel Island of Guernsey, New York, San Francisco and Singapore, while the alternatives manager has also announced new offices in Tokyo, Beijing, Sydney, and Luxembourg in the first half of 2008.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com