Partners Group, one of the largest firms in the global private markets industry, announced it surpassed its target of $15 billion in client commitments for its fifth direct private equity program.
This program features commitments to Partners Group’s fifth direct private equity fund, Partners Group Direct Equity V, and to the bespoke client solutions and open-ended funds that allocate to the same direct private equity strategy.
This program is supported by one of the industry’s largest middle market private equity teams, with around 200 investment professionals located across Partners Group’s offices in the Americas, Europe, and Asia Pacific. And these teams draw on a differentiated sourcing approach to identify market-leading companies with transformational potential. Partners Group’s large network of 180+ seasoned external industry experts then act as operating directors at portfolio companies to drive value creation and entrepreneurship from the board level.
Partners Group uses deep thematic research to identify high-conviction sub-sectors supported by resilient long-term global trends across four industry verticals: Technology, Health & Life, Goods & Products, and Services. Through its entrepreneurial governance approach, the firm partners with management teams to build a value-creation plan around clearly defined strategic pillars.
At the time of the closing, this program was committed to companies including Breitling, a leading Swiss watchmaker; SureWerx, a supplier of mission-critical personal protective equipment, safety gear, and tool solutions; and ROSEN Group, a global provider of inspection services for crucial energy infrastructure assets.
The investors in the program are a mix of new and existing clients, including public and corporate pension plans, sovereign wealth funds, insurance companies, endowment funds, foundations, and individual investors in the private wealth category. And Partners Group’s partners and other employees, together with affiliates of the firm, also made a meaningful commitment to the program, bringing the total amount committed to date by this group to the firm’s suite of investment programs to over $4.8 billion.
Partners Group’s first, second, and third direct private equity funds are in the top quartile for historical performance within their respective vintages (Preqin). And Partners Group’s fourth direct private equity fund, which closed in 2021, is still in early value creation mode. A few months ago, a report published by Preqin ranked Partners Group in joint first place as the most consistently performing large buyout manager between 2008-2017.
KEY QUOTES:
“I am grateful to our clients for their continued trust in our transformational investing approach, which is highlighted by the successful close of our fifth direct private equity program above its target. We have a long track record of applying our industrial mindset to build market-leading businesses that can capitalize on growth trends.”
– Wolf Scheider, Partner, Head Private Equity
“We spend years delving deep into thematic growth trends to develop the winning business models of the future and identify companies in niche ecosystems with the highest value creation potential. Our teams, reinforced with the bespoke expertise of leaders from operational backgrounds, support our portfolio companies to apply these models in order for them to thrive in a rapidly changing economy.”
– Kim Nguyen, Partner, Head Private Equity Services Vertical
“We have built long-term relationships with clients around the world and are pleased that existing investors have once again anchored this direct private equity program. This continued commitment from clients is a testament to the confidence they have in our global private equity platform.”
– Sarah Brewer, Partner, Co-Head Client Solutions
