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Partners Group ex-Americas real estate co-head departs – exclusive

Fabian Neuenschwander, an almost 13-year veteran of the firm, is understood to have left for a new role, Secondaries Investor has learned.

Fabian Neuenschwander
Neuenschwander: begins a new role after the summer

Partners Group‘s former co-head of real estate for the Americas has left the firm, Secondaries Investor has learned.

Fabian Neuenschwander, an almost 13-year veteran of the firm who was based in Denver, departed last week, a spokeswoman confirmed. Neuenschwander helped oversee an asset class worth over $15 billion for the firm globally, including via its secondaries strategy.

It is understood that he has a new role which begins at the end of the summer.

A managing director, Neuenschwander was co-head of RE Americas until the beginning of this year, the spokeswoman added. Marc Weiss and Ron Lamontagne are the firm’s co-heads of the asset class in that region.

Neuenschwander’s departure comes as the Zug-headquartered firm seeks $3 billion for its Partners Group Real Estate Opportunities 2019 fund. The vehicle will have an allocation for fund secondaries and direct opportunities, Secondaries Investor reported last July.

Partners Group previously collected $2.9 billion for its dedicated Real Estate Secondary 2017 fund, according to Secondaries Investor data.

Neuenschwander had worked on some of Partners Group’s most prominent real estate secondaries deals, including the restructuring of a portfolio of seven US-based assets from Madison Marquette‘s sole fund, and the €450 million acquisition of a portfolio of Nordic real estate assets from Sveafastigheter, part of Brunswick Real Estate.

Partners Group is eyeing an increase of secondaries buying opportunities created by the coronavirus crisis. In March, co-chief executive David Layton said the secondaries team was “ecstatic” about the opportunity presented by increased volatility in the market.

Around $6 billion in real estate secondaries traded last year, according to UBS’s 2020 Secondary Market Survey and Outlook, a rise from $5 billion the previous year.