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Laxman Pai, Opalesque Asia:

The Swiss private markets firm Partners Group Holding AG has launched a private wealth business unit, formalizing its private wealth fundraising.

The private wealth business unit has $37 billion in assets under management, nearly a third of the firm's total $131 billion in assets under management, said a media release from the Zug-based firm.

The new business division is to show its commitment to attracting individual investors as clients, rather than targeting exclusively the large institutions that private funds typically court, it added.

Partners Group said that its new private-wealth arm would be co-led by Partner Robert Collins and Managing Director Christian Wicklein. Collins will be responsible for the Americas and Wicklein for Europe and the Asia-Pacific region.

To support the strong growth of its private wealth activities in Asia, Partners Group recently hired Henry Chui, based in Singapore, to head its Asia team. Additionally, the firm will continue to build out functions that support the Private Wealth unit, such as Product Management, Structuring, and Portfolio Management.

Christian Wicklein, Co-Head of Private Wealth, Partners Group, 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. With our established track record of industry leadership in transformational business building and our bespoke product shel......................

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