Swiss private markets investment manager Partners Group said it has closed its largest dedicated infrastructure investment programme to date, Partners Group Global Infrastructure 2009.

Investors include corporate and public pension plans, insurance companies, financial institutions, endowments and high net worth individuals from around the world. Given the attractive investment environment and strong demand from clients, the programme closed at its agreed hard cap of EUR 500 mln, Partners said.

'In an environment of increased economic and financial uncertainty, investors are looking for assets with stable cash flows, inflation protection and a significant cash yield, all quintessential characteristics of the infrastructure asset class,' said Michael Barben, partner and head of Private Infrastructure at Partners Group.

Since inception, Partners Group Global Infrastructure 2009 has built up a portfolio of 17 investments including the acquisition of Newcastle Coal Infrastructure Group, an Australian coal export terminal currently being expanded to a capacity of 53 million tons per annum; as well as Rovigo, a 71 MW solar photovoltaic power plant in Italy. The fund has exposure to more than a dozen countries including, amongst others, the UK, Australia, Italy, India, the Netherlands, France, Sweden and Brazil.