Stockholm (HedgeNordic) – Wealth managers Union Bancaire Privée (UBP), in cooperation with Partners Group (PG), launched the UBP PG Active Income fund in November of last year and already has in excess of USD 68 million in AUM. The fund provides investors with weekly access to the private debt market.
With 51% of institutional investors planning to increase allocation to private debt in the longer term, and 45% of institutional investors intending to invest more capital in private debt over the next 12 months, (according to Preqin), private debt is increasingly becoming a crucial strategic segment, including for Family Offices as well.
The UBP PG Active Income portfolio will be dually managed, with Partners Group overseeing private debt and Union Bancaire Privée handling liquid public debt. This partnership will enable investors to access PG’s global platform for sourcing private deals and UBP’s expertise in managing liquid high-income strategies.
Partners Group’s first investment was in Pretium Packaging, a provider (with a strong historical financial performance) of customized rigid plastic packaging solutions that is not offered by larger market competitors. The yield of the invested allocation to private debt managed by PG currently stands at 9.1%.
PG has also identified three new private opportunities in line with the current yield that will be added to the portfolio shortly. These include a provider of insurance and financial services, a provider of software solutions to the faith-based and education markets, and a leader in the identity and security markets.
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