Partners Group, the global private markets investment manager, has opened its third US office in Houston, Texas, increasing its total number of offices around the globe to 18.
Todd Bright, Managing Director and Head of Infrastructure Americas, will head the Houston office and continue to build out the firm’s investment activities in the US and Latin America.
Mr Bright stated:
Houston is the undisputed energy center of the US and therefore this office opening is a natural next step for Partners Group as the firm deepens its coverage of the energy sector in the Americas. Houston is also a major gateway to Mexico and other Latin American countries – so this office is the ideal complement to our existing São Paulo office in terms of expanding our access to both private markets investments and also our clients in Latin American markets.
Partners Group is already an active investor in the energy sector in the Americas on behalf of its clients. Earlier this year, the firm acquired a majority stake in Fermaca, a leading provider of natural gas transportation infrastructure in Mexico. Other recent energy investments include interests in two natural gas-fired power plants in Texas with more than 1500 MW of capacity.
Christoph Rubeli, Partner and Co-Chief Executive Officer at Partners Group, commented:
In line with the opening of our Mumbai office earlier this year, the Houston office is another example of Partners Group putting into action our belief that a local presence is essential for sourcing attractive investment opportunities in key markets. In opening this office, we are underlining our interest in the US energy sector and showing that we remain positive on Latin America, despite recent negative investor sentiment surrounding emerging markets. We continue to see positive structural changes supporting private equity and infrastructure themes in Latin America, such as the growing middle class driving consumption and the need for expansion capital expenditure in energy infrastructure to accommodate increasing urbanization levels.