Partners Group to sell non-private-equity businesses
Partners Group has announced the sale of its remaining stakes in two non-private-equity-affiliated firms.
The Swiss private capital manager will sell its remaining shares in the two firms, reported to be Asset Management Partners and a hedge fund, in the second half of 2013. The stakes to be sold make up 3% of Partners Group's overall business, managing a total of €800m in assets as of June 2013.
Partners Group is selling its shares to each firm's management.
The firm will then focus its services entirely on private equity, private debt, private real estate and private infrastructure, which collectively make up 97% of its business. Overall assets under management in the first half of 2013 stood at around €30bn compared to €27bn in H1 2012, according to the firm's interim report.
Asset Management Partners was founded in 1996 by Partners Group but has been under the independent management's majority ownership since 2002, when Kurt Kohler was appointed CEO.
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