Global private markets firm Partners Group has set up a private wealth business unit to expand access to private markets for individual investors.
The private wealth business unit has $37bn in assets under management, which is nearly a third of the firm’s total $131bn (£117bn, €134bn) in AuM.
It will be co-led by partner Robert Collins and managing director Christian Wicklein, who will cover the Americas and Europe and Apac, respectively.
To support the growth of its private wealth activities in Asia, Partners Group recently hired Henry Chui from Nuveen. He is based in Singapore and will head its Asia team.
Additionally, the firm will continue to expand to support the private wealth unit, such as product management, structuring, and portfolio management.
Retail access
Wicklein said: “Individual investors are increasingly looking to gain exposure to the growing portion of the real economy that can only be accessed through private markets.”
Collins added: “Partners Group is committed to making private markets fairer and more accessible. The firm was instrumental in establishing the market, is at the forefront of innovation today, and will continue to seek new solutions to expand access to private markets.
“As we grow our business, we will continue to help financial advisers provide their clients with a deeper understanding of private markets and its applications within a diversified portfolio. With the addressable market expected to increase significantly, we are well positioned to remain at the forefront of this industry.”
This comes as the retail investment industry continues to seek private markets strategies with firms like ICapital looking to bring private equity more into the sector.
