Partners opens in South America

The Swiss giant’s global expansion continues. New York-based Karin Hallin will head up a new office in São Paolo, Brazil.

Swiss-headquartered alternatives firm Partners Group has planted its first flag in South America with the establishment of an office in São Paolo, Brazil.

The new office will serve as a base for both investment activity and client relationship management in Latin America, the firm said in a statement on Friday, which cited Brazil’s political and regulatory stability and dynamic economic growth as reasons to set up in the country.

Partners’ São Paolo office will be headed up by Karin Hallin, a senior vice president within the firm’s investment solutions group. Hallin had previously been responsible for Latin American deal origination and business development from a base in New York.

Brazil – and more widely Latin America – has become a hot destination for private equity and real estate firms hoping to capitalise on the region’s expanding middle class and macroeconomic stability.

In a special interview with PERE last month, David Lynn, managing director and head of investment strategy and research at ING Clarion, advised that institutional investors – and GPs – could no longer “put their heads in the sand” and ignore the growth being experienced in China, Brazil and India. “If you ignore the growth stories of these economies, you do so at your peril, sacrificing returns and diversification in the process.”

 

Urs Wietlisbach, founding partner and executive vice chairman of Partners, said in a statement that the office in São Paolo was testiment to the “

market potential we have identified in this region”. Partners has over €20 billion under management and invests across private equity, debt, real estate and infrastructure.

In December, Partners revealed it had lured the founders of mid-market investor GermanCapital to open its first German office in Munich. Partners now has 14 offices around the world including São Paolo. As well as Munich, the firm opened up in Seoul and Dubai during 2010.