Swiss private market fund manager Partners Group has launched an evergreen fund to enable individual investors to access its cross-sector royalties strategy.

The fund, which has a minimum investment of US$10,000, is available to individual investors in Europe, the Middle East and Asia, and is targeting a 10% net return and a cash yield of 4% to 6% per annum. 

The new private wealth evergreen fund will invest alongside an existing institutional royalties evergreen fund, which was launched in January 2025. Both evergreen funds, the fund manager notes, will have access to the same royalties transactions.

Partners’ cross-sector royalties strategy invests in both established sectors, such as intellectual property assets across the pharmaceuticals and entertainment industries, as well as emerging high-growth sectors like the energy transition, sports and brands.

The fund manager has been active in the royalties space, it points out, closing 11 investments in the last 12 months alone. This included an investment in Warner Bros Discovery’s catalogue of film and television music rights, which was one of the largest music rights transactions in history. The firm has a strong near-term pipeline that is anticipated to facilitate deployment of up to US$750 million this year.

Partners has over 20 years of experience in managing private markets evergreen funds and currently manages US$48 billion in assets across its evergreen product suite globally, representing around 32% of its total assets under management ( US$152 billion ).

“Our royalties strategy follows a relative value approach,” says Stephen Otter, Partners’ head of royalties, “where we shift between sectors and structures depending on what offers the best opportunities at a given point in time.”

Christian Wicklein, the fund manager’s co-head of private wealth, adds: “Investors in our private wealth evergreen fund will have immediate exposure to the same global royalties portfolio, designed to deliver consistent returns through market cycles, as our institutional clients. Our royalties portfolio has low correlation with other asset classes, providing diversification benefits, and offers an inflation hedge.”