Partners Group increased AuM to CHF 24.9 billion as of 30 June 2009


July 10, 2009, Partners Group, the Switzerland-based global alternative asset manager, raised CHF 1.4 billion in the first half of 2009, demonstrating sustained demand of an annualized 12% for Partners Group’s core private markets business. Despite the extraordinarily difficult fundraising environment in the first six months of the year, the new money inflows confirm the target of CHF 3-4 billion in gross new money set for 2009. Partners Group continues to successfully develop existing markets as well as new geographic regions around the globe.


The net AuM growth was however negatively impacted by market-related effects during the six-month period. These comprise redemptions of CHF 0.4 billion mainly in the smaller segment of public market activities (6% of AuM) and CHF 0.4 billion resulting from other factors (performance and foreign exchange effects). Thus, estimated assets under management as of 30 June 2009 grew to CHF 24.9 billion.

Partners Group has continued to improve the duration of assets due to the sustained asset growth in the private markets business, with 88% of AuM based on long-term management contracts as of the end of June, compared to 67% at the end of 2006. This increase again underlines the predictability of revenue streams over the long term.

Dr. Marcel Erni, co-founder and Chief Investment Officer, comments, “We are currently investing in a number of specific opportunities offered by the market dislocation. Our clients are increasingly addressing inflation-related issues and seeking protection against this anticipated development. As an inflationary hedge, we recommend investing in real assets such as real estate, infrastructure and resources as well as mezzanine products which offer a variable base rate; we are seeing an increasing appetite amongst clients for our products of this nature.”

Alfred Gantner, co-founder and Executive Chairman, adds, “The global crisis has temporarily resulted in slower inflows into private markets, thereby accelerating the consolidation process in the industry. Clients focus on independence, size, stability and global reach in manager selection, qualities only a small number of managers such as Partners Group can offer. We additionally see an increased interest for tailor-made mandates, allowing investors to gain specific private markets exposure through separate accounts. Due to our leading market position and our ability to serve these individual needs, we expect to gain further market share in the coming years as fundraising picks up again and remain convinced that Partners Group will emerge as a winner from the economic turbulence.”

The current breakdown of AuM is as follows: CHF 19.6 billion private equity, CHF 2.6 billion private debt, CHF 0.8 billion private real estate, CHF 0.3 billion private infrastructure and CHF 1.6 billion in public markets, comprising absolute return strategies, listed alternatives and the independent private wealth management division.

Partners Group’s senior management will hold a conference call today at 9 am CET. Dial-in details can be obtained using the contact details below. The financial figures as of 30 June 2009 will be published on 1 September 2009.

Editor's note: Image rights belong to the respective publisher.


Conclusion of this article: « Partners Group increased AuM to CHF 24.9 billion as of 30 June 2009 »

Source: Partners Group, Press release