Partners Group plans to restructure its Global Value SICAV private equity evergreen strategy into an umbrella fund with two sub-portfolios, providing investors with different options for long-term compounding and distributions.
Global Value SICAV has a latest net asset value of €6.6 billion and a 19-year track record. Partners Group said the strategy has returned 4.5 times invested capital since inception on a net multiple-on-invested-capital basis.
The proposed structure would split the strategy into a compounding fund targeting long-term value appreciation and a distributing fund that lets investors harvest accumulated returns through portfolio realizations.
The two portfolios would use different pools of investment vintages while remaining under the same management team.
Partners Group said the structure responds to growing demand from institutional and private wealth investors for more flexibility in managing private-market allocations.
Existing investors would be able to retain their current exposure, convert shares from the distributing portfolio into the compounding portfolio or redeem shares from one or both portfolios.
New investors would be able to subscribe to the compounding fund, which Partners Group plans to rightsize to support portfolio management and investment deployment.
Partners Group will maintain a meaningful commitment to Global Value SICAV and expects to make another material commitment to the compounding fund from its own balance sheet, alongside new institutional investors.
The proposed transition to an umbrella fund remains subject to shareholder approval.
Partners Group said the changes align with the firm’s assets-under-management guidance communicated in its first-half updates in July and September 2026.
KEY QUOTE:
“Our proposal to segment Global Value SICAV into two bespoke portfolio profiles sets up one of the most successful private equity evergreen strategies to continue compounding returns into the future. We are simplifying portfolio construction and management, enabling investors to align capital with their liquidity needs and return objectives without compromise. The long-term exposure that the compounding fund provides has already generated interest from new institutional investors.”
Roberto Cagnati, Partner and Incoming Co-Chief Executive Officer of Partners Group
