Partners Group, a global private markets investment manager, has broken ground at the site of its future North American headquarters in Broomfield.
The campus will comprise three buildings of 92,290 square feet plus 55,849 sf of parking.
“The state-of-the-art headquarters we are building here will be an important milestone for Partners Group, enhancing our ability to serve our clients and manage our investments across the entire Americas region. In Broomfield, we believe we have found the ideal location for our headquarters, with great transport connectivity, a welcoming and business-friendly environment, a strong local talent pool and an excellent quality of life for our employees.,” Charles Dallara, partner and chairman of the Americas at Partners Group, said during the groundbreaking ceremony.
Founded in Switzerland in 1996, Partners Group opened its first U.S. office in New York in 2000 to support the expansion of its business into the Americas. In March 2016, the firm announced it would be expanding into the Denver metro area and investing in the construction of a purpose-built “campus” in Broomfield, capable of accommodating several hundred employees, in order to support the long-term growth of its U.S. business. In the last five years, around 40 percent of the capital Partners Group has invested on behalf of its clients into private markets has been in North America.
André Frei, co-CEO of Partners Group, also speaking at the groundbreaking, commented: “Our Broomfield campus will become a hub for the Americas, in the same way that our Singapore office is a hub for Asia and our Swiss headquarters is a hub for our European business. We will have employees here working across all business lines, from servicing institutional clients, to sourcing and executing investments, to carrying out corporate functions. We look forward to welcoming our business partners and clients to our Broomfield headquarters in the future, to see for themselves how Partners Group realizes the potential of private markets in the U.S.”
In May 2016, Partners Group opened an office in downtown Denver, intended as a temporary base in Colorado while the permanent campus is under construction. Today, the Denver office already has more than 100 employees, representing every private markets asset class and far exceeding the firm’s initial plan for employee growth in the state.
David Layton, partner and Executive Committee member at Partners Group, stated: “The Denver build-out has been an overwhelming success, far surpassing our expectations. Originally, we envisaged having up to 50 employees on the ground by the end of 2017, but we have already more than doubled that. Not only did many of our existing U.S. employees put their hands up to move here, but we have also carried out significant local recruitment in the past year to meet the pace of growth of our business. We are building out a world-class team of financial services professionals here in Denver.”
Partners Group’s Broomfield campus was designed by Open Studio Architecture and is expected to become operational in 2019. The project developer is Prime West Development LLC, and the general contractor is Swinerton Builders.
