Partners Group

Steffen Meister, Partners Group Executive Chairman, was at IPEM Paris this week. In this interview, Steffen discusses the recalibration of the economy and the role that private markets, the stewards of the economy, will play in this. Watch the video here: https://lnkd.in/eGWGjytR #IPEMParis2024

Today, we announced a strategic partnership with BlackRock to launch a new multi-asset class model portfolio solution that is set to transform how retail wealth investors access private markets. This first-of-its-kind solution will provide simplified access to private equity, private credit, and real assets through a single managed account. Investors will be able to choose from three risk profiles to determine allocations to different BlackRock and Partners Group funds. This alliance combines our long track record of innovation in opening private markets to wealth investors with BlackRock’s industry leading operational expertise and whole portfolio capabilities. You can read about this new solution here: https://lnkd.in/eSwAEY5z This solution comes as individual investors increasingly seek private markets exposure. Despite this demand, to-date many financial advisors have struggled to lift client allocations above a low threshold due to the challenges of investing in the products currently available. We believe our new solution will help solve this allocation gap. You can read more about how the private markets industry has evolved, why it's so important, and what our solution aims to achieve here: https://lnkd.in/e_9tPc9W

"There are not that many buyers focused on the mid-market and, as a re­sult, we see far more relative value and more attractive risk-adjusted returns there," Marc Meier, our Co-Head of Infrastructure Partnership Investments, recently told Infrastructure Investor in an interview on the growth of the secondaries market. Marc was joined by fellow Co-Head Dr. Dmitriy Antropov to talk about the skills required to invest in mid-market secondaries, how the infrastructure secondaries market differs from the more mature private equity secondaries space, and the outlook for secondaries moving into 2025. You can read the full interview here: https://lnkd.in/enqnS4XU #Infrastructure

Welcome to the first lesson of our series about evergreen investing. 𝐋𝐞𝐬𝐬𝐨𝐧 #𝟏 𝐁𝐫𝐨𝐚𝐝 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐚𝐜𝐜𝐞𝐬𝐬: 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐥𝐨𝐰 𝐚𝐧𝐝 𝐚𝐜𝐭𝐢𝐯𝐞 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 Managing illiquid private markets investments within an evergreen structure is almost like trying to square a circle. Therefore, it is vital to have a portfolio management team that can actively manage the portfolio to harmonize potential mismatches. Evergreen funds, which typically allow for monthly subscriptions and redemptions, must manage their required capital in an effective and efficient way. To do so, a large investment platform with a broad investment funnel is required. This ensures the manager can remain diligent and selective on its decisions, investing on a relative value basis between investment types (direct, secondary and primary investments) and asset classes. In contrast, if the funnel is narrow and investment flow spotty, the result could be accumulating idle cash balances in the portfolio, potentially weighting on returns. Similarly, a suboptimal management of subscriptions and redemptions could also result in a significant cash drag. It is therefore crucial that investors understand how a manager is dealing with these components. Managing evergreen solutions for more than two decades, Partners Group has successfully steered evergreens through different market cycles. To learn more, visit our website: https://lnkd.in/ea768A-A

Following on from our recent USD 1.9 billion investment in EdgeCore Digital Infrastructure we take a deep dive into how our thematic conviction on data centers showcases our ability to spot disruptive thematic trends like Gen AI and convert them into scalable investment opportunities. EdgeCore is a great example of how Partners Group's thematic investing approach can also drive the growth of the firm's platform. By partnering with select clients on the transaction, we facilitated a larger equity investment in the company and contributed to the overall growth of Partners Group's AuM. Read our new thought paper for more. #Infrastructure

Our global head of private credit, Andrew Bellis, recently spoke to Andy Thomson at Private Debt Investor about the interaction between the private credit and broadly syndicated loan markets and how Partners Group operates in both. In this editorial feature, Andrew talks about how these markets "inherently co-exist", the different dynamics in Europe and the US, and where Partners Group sees opportunities in private credit, including NAV lending and credit secondaries. You can read the full interview on our website here: https://lnkd.in/ePPeeyEu #Credit #PrivateCredit

Partners Group has successfully completed a USD 1.9 billion equity investment in our portfolio company EdgeCore Digital Infrastructure which is a leading developer, owner, and operator of scalable, cloud-connected hyperscale data centers in the US. Headquartered in Denver, EdgeCore commercializes data center sites leased under long-term contracts to the world’s largest internet and technology companies.   The investment is the second equity capital raise that Partners Group has led since acquiring EdgeCore in 2022 and was conducted in conjunction with the firm's clients. The capital will be used for expansion across EdgeCore's existing locations and the development of its new campus.   Ed Diffendal, Managing Director, Co-Head Infrastructure Americas, Partners Group, says: "This investment in EdgeCore is further evidence of our strong thematic conviction in the sector and the Company's growth prospects. Led by Lee Kestler and a fantastic management team, we think EdgeCore is well positioned to capitalize on the accelerating demand for data processing and compute storage."   You can read the full press release here: https://lnkd.in/g8QA4zhY #Infrastructure

Partners Group reports solid H1 results. Read the full press release here: https://lnkd.in/espxR6SB #PrivateMarkets 

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We are excited to announce our upcoming LinkedIn series, in which we will share Partners Group's insights and lessons learned from over 20 years of investing and managing evergreen funds. As pioneers in private markets, we have led a wave of innovation and growth in evergreens, transforming the space for individual and institutional investors alike. Over the coming weeks, we will dive into the wealth of knowledge and experiences we have gathered during this time. To kick things off, here is a quick reminder of what we define as an evergreen fund. Evergreens (also known as perpetual or open-end funds) are a type of investment vehicle that enables investors to get immediate access to private markets. Investors can subscribe and redeem capital on a periodic basis, which is a key difference from traditional closed-end funds. The flexibility enabled by this structure and its attractive minimum investment requirements make evergreen funds particularly appealing to investors. To manage this flexibility, Partners Group has a sophisticated portfolio management team responsible for the composition of investments and liquidity management. In this series, we will discuss five factors that make a successful evergreen. Check out the slides below for the list of topics we will cover and a summary of the key differences between evergreens and traditional funds. Visit our website to learn more: https://lnkd.in/ea768A-A