Providing Fund Administration, Depositary and Banking Services for Partners Group’s First LTAF
Northern Trust announces that it is providing Partners Group with fund administration, depositary, and banking services for its first LTAF, launched in April 2025.
Founded in 1996 and based in Switzerland, Partners Group is one of the largest firms in the private markets industry with over US$150 billion of assets under management (as of 31 December 2024).
It seeks to generate strong returns by identifying attractive investment themes and transforming businesses and assets into market leaders. The firm’s investment programs and custom mandates span private equity, private credit, infrastructure, real estate, and royalties.
Its new LTAF, the Partners Group Generations Private Credit LTAF, focuses on providing defined contribution (DC) pension funds and other professional investors with access to a diverse range of private credit investment opportunities.
The United Kingdom (UK)’s LTAF regime came into existence in 2021, followed in 2023 by new rules widening its availability to provide a broad range of investors with increased access to private markets. Northern Trust also supported the launch of Partners Group’s European Long Term Investment Fund (ELTIF)-compliant Private Equity ELTIF Evergreen Fund in 2024.
Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, said. “We are delighted to develop our relationship with Partners Group by supporting its first LTAF. At Northern Trust we continue to see significant interest in use of this UK vehicle for distributing investment strategies and have the operating model and servicing expertise – across illiquid, semi-liquid and traditional assets – to support asset managers as they expand their offering for investors.”
Northern Trust provides a complete set of services including fund administration, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.
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