Partners Group has entered a strategic partnership with Spain’s BBVA Asset Management to launch a bespoke evergreen private markets fund designed for BBVA’s private banking clients. 

The new vehicle, BBVA Open to Partners Group Mercados Privados IX, FIL, will invest exclusively in Partners Group-led transactions across private equity, private credit, real estate, and infrastructure. Structured as an evergreen fund, it provides qualified investors with ongoing access to a diversified portfolio of private market opportunities traditionally limited to institutional investors. 

The collaboration follows Partners Group’s earlier agreement with Lincoln Financial to launch a private markets royalties fund and adds to a growing roster of retail partnerships with BlackRock, Deutsche Bank, Generali, and PGIM. 

Partners Group currently manages $52 billion globally across its private wealth platform and distributes its strategies through a network of over 130 intermediary partners. 

“With more than two decades of experience creating tailored solutions and a strong record of performance, Partners Group is the ideal partner for asset and wealth managers seeking scalable access to private markets,” said Manuel Aloy, member of management for Client Solutions at Partners Group. 

BBVA Asset Management, which oversees €110 billion ($127 billion), operates in Spain, Portugal, Luxembourg, Turkey, Mexico, Peru, Colombia, and Argentina, and is among the leading wealth managers serving Latin America’s high-net-worth investor base.