Bernard Reilly

Perpetual has announced it has entered into a Letter of Intent with Partners Group to explore innovative product development and investment strategy opportunities combining both public and private assets.

The LOI agreement will see Perpetual’s Asset Management business and the Australian arm of Partners Group, one of the largest firms in the global private markets industry with USD$152 billion^[1] in assets under management, collaborate to identify, evaluate, and pursue strategic opportunities, including the potential launch of investment vehicles or products such as Listed Investment Trusts, co-investment, and/or fund structuring.

Perpetual CEO and Managing Director, Bernard Reilly, said: “Perpetual has been at the forefront of Australian investing for decades and this new relationship with Partners Group aligns with our strategic intent of bringing innovative solutions to our clients and continuing to evolve our product suite to provide contemporary, high quality and in-demand investment solutions for our client base.

“Combining Perpetual’s expertise, knowledge and connections as an Australian equities investor, together with Partners Group’s significant local and global reach in private markets including private equity, infrastructure, real estate, royalties and credit, provides the opportunity to explore products that give investors access to asset classes across both public and private markets within a single product, which is a strategic relationship among the first of its kind in the Australian investment industry.”

The agreement also allows for the sharing of market insights, research and investment perspectives, as well as expanded networking collaboration and cross-border opportunities.

Partners Group Head of Australia Martin Scott said: “Since 1996, our business has invested more than USD$234 billion in a range of private markets opportunities across the globe with the sole intent of building long term value for our clients and stakeholders.

“Partnering with Perpetual, one of the flagship brands in Australian equities investing, to explore new investment strategies that combine public-private assets for Australian investors is an exciting step for our business in the region and one that reflects the increasing role played by private markets in the real economy.”

Perpetual Head of Equities, Vince Pezzullo, said: “This agreement with Partners Group provides the foundations for public-private strategies that will allow us to invest in a company’s full lifecycle through various markets and also for investors to benefit from exposure to different parts of the capital structure in the future.

“Potential solutions could also allow for dynamic re-allocation between the investment sleeves over time and make use of liquidity and market events to add additional value to client portfolios.”

With the signing of the LOI, the parties will now work together on market testing to evaluate the demand for the solutions and any proposed structures.

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Notes:
[1] As at 31 December 2024

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