Partners Group private equity AUM hits €36bn

Across all the private markets the GP secured €13.3bn in new money, resulting in total AUM of €72.8bn. This represents 18% net growth on its 2017 numbers. New commitments were broadly balanced between mandates and closed-ended programmes.

The firm also announced it expects client demand to range between €13bn and €16bn for 2019.

André Frei, partner and co-CEO, said Partners Group is pleased with the solid fundraising in 2018 and continues to observe a strong structural trend of increasing allocations to private markets. For 2019, the aim is to capture further client demand through a series of flagship programmes across all private markets asset classes, Frei added.

According to a results presentation, the firm screened 2,800 transactions across all asset classes, investing in 78, which resulted in a decline rate of 97%.

Of the $19.3bn invested on behalf of clients in 2018, $11.5bn was in direct investments and $7.7bn in portfolio assets. Among the direct investments, 29 took place in North America, 42 in Europe, and seven in Asia-Pacific and the rest of the world.

Notable transactions in the period include a secondary transaction led by Partners Group that provided a liquidity solution for investors in Alantra PEF II, and the buyout of Dutch lightweight belting specialist Ammeraal Beltech at an enterprise value of €1bn.

On the fundraising front, Partners Group is understood to be seeking up to €5bn for Partners Group Direct Equity 2019, according to Unquote Data. This would be a significant increase on the €3bn raised for Partners Group Direct Equity 2016, which closed in July 2017.

The asset manager recently promoted five team members to partner, and another five to managing director, including European private equity head Kim Nguyen.

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