Partners Group set for second PG Life fund

The filing for the Luxembourg-dated vehicle is dated 22 February 2022.

According to the filing, the fund has a lifespan of 12 years from its final close.

Partners Group’s debut PG Life vehicle had raised EUR 610m as of December 2021. It was launched in March 2018 with a USD 1bn target, according to Unquote Data. Its LPs include US-based Methodist Ministers’ Pension Scheme (MMPS) and Cassa Forense.

The GP’s PG Life strategy was formed to build on its history of previous sustainable investments and follows an impact investing approach, making investments that contribute towards achieving the UN’s Sustainable Development Goals (SDGs). According to its website, the firm uses the Impact Management Project’s (IMP’s) five dimensions (What, Who, How Much, Contribution and Risk) to frame its impact goals.

The strategy allows for investment across Partners Group’s private market strategies: equity, debt and infrastructure. PG Life has made investments including US-based medical vision service provider EyeCare Partners, Porttugal-based crop protection products company Rovensa and Germany-based solar and wind energy plant operator VSB.

Partners Group declined to comment.

The filing follows a record year for impact investing in 2021, which saw European managers raise EUR 4.1bn across 17 first and final closes, as reported. Other managers gearing up for impact fundraising include Lightrock, which made a filing for its Climate Imapact Fund earlier in February, as reported.

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