UBS has entered into a long-term alliance with Partners Group to offer the latter’s private markets investment capabilities to its wealth management clients.
Private markets includes investments not traded on a public exchange or market. The space is typically dominated by the super-rich and is illiquid but also offers high yields.
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Through the tie-up, clients of UBS will gain more access to Partners Group’s private equity buyouts and co-investments in some assets of the Swiss private markets investment manager pre-selected by UBS.
The offering can be availed by the Swiss clients of UBS in addition to those in certain Asian and European markets.
These clients will now get exposure to Partners Group’s latest European Long-Term Investment Fund (ELTIF), which supports 30-60 private markets investments.
ELTIF calls for “relatively low minimum investments”, noted the Zurich-based bank.
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By GlobalDataThe UBS-Partners Group alliance requires an annual investment of at least $1bn.
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Partners Group co-founder and member of the board of directors Urs Wietlisbach has welcomed the alliance, saying that it builds on the existing partnership between the two firms.
“This programme will offer UBS wealth clients private markets capabilities on a par with those Partners Group offers to institutional investors, including some of the world’s leading sovereign wealth funds,” Wietlisbach noted.
UBS Global Wealth Management co-presidents Iqbal Khan and Tom Naratil said: “By teaming up with Partners Group and leveraging the scale and expertise of our two firms, we will give UBS clients unique access to some of the best private markets opportunities delivered in an efficient vehicle.”
Notably, earlier this year, Swiss private banking group Julius Baer announced plans to launch a unit for direct private investments.
It will target the bank’s wealthy and sophisticated private banking clients, offering investment opportunities in private equity, private debt, as well as other unlisted or illiquid assets.
