Partners Group Selects Northern Trust to Provide Asset Servicing Solutions for its Private Equity ELTIF Evergreen Fund
Northern Trust (Nasdaq: NTRS) today announces it is providing Partners Group (SIX Swiss Exchange: PGHN) with fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund (ELTIF)-compliant Private Equity ELTIF Evergreen Fund.
- Northern Trust (Nasdaq: NTRS) today announces it is providing Partners Group (SIX Swiss Exchange: PGHN) with fund accounting, transfer agency, depositary and corporate secretarial services for its new European Long Term Investment Fund (ELTIF)-compliant Private Equity ELTIF Evergreen Fund.
- Founded in 1996 and based in Switzerland, Partners Group is a leading global private markets firm with US$147 billion of assets under management (as of 31 December 2023).
- Its Private Equity ELTIF Evergreen Fund is Partners Group’s first launch under the updated European Union regulation for ELTIFs enacted in January this year and is one of the industry’s first of this type.
- Markus Pimpl, Managing Director at Partners Group, commented: “Appointing Northern Trust to provide solutions for the Private Equity Evergreen ELTIF Fund expands our strategic relationship on the basis of its capability to support multiple asset classes as part of our private equity strategy, and to enable flexibility for individual and institutional investors as they invest in-line with our pro-rata allocation policy.