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Partners Group Holding AG

Company type	Aktiengesellschaft
Traded as	SIX: PGHN
Industry	Private equity, private debt, real estate, infrastructure
Founded	1996; 28 years ago (1996)
Founder	Marcel Erni Urs Wietlisbach Alfred Gantner
Headquarters	Baar, Switzerland
Key people	Steffen Meister (Executive Chairman) David Layton (CEO)
Revenue	2.629 billion CHF (2021)
AUM	US$135 billion (2022)
Number of employees	1,573 (2021)
Website	www.partnersgroup.com

Partners Group Holding AG is a Swiss-based global private equity firm with US$135 billion in assets under management in private equity, private infrastructure, private real estate and private debt.

The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and other financial institutions. The firm has completed more than 250 private equity investments in portfolio companies. As end of 2021, Partners Group is the fifth most-valuable publicly listed private markets firm in the world by market capitalization.

Since 2020 Partners Group is a component of the Swiss Market Index.

History

Founded in 1996, the firm is headquartered in Zug, Switzerland with global offices. In 2019, the firm opened its 129,400-square-foot North American headquarters in Broomfield, Colorado.

Partners Group is a joint stock company under Swiss law, listed on the Swiss Exchange since its 2006 initial public offering (minority floating). Around 45% of the shares are held by all employees and partners. The firm's founding partners are Alfred Gantner, Marcel Erni, Urs Wietlisbach and Stefan Degen. As of 2016, according to Forbes' annual billionaire's list, founders Gantner, Erni, and Wietlisbach are listed as three of the 25 wealthiest private equity managers in the world, each with net worths totaling $1.3 billion.

Partners Group pioneered evergreen funds in private markets since 2001 and has launched also the first European Long Term Investment Fund (ELTIF) in 2017.

As of 30 November 2011, Partners Group has been included in the MSCI Switzerland Index after having been included in mid-September in the Swiss Small & Mid Cap Index (SMIM Index) which tracks the 30 biggest listed companies in Switzerland that are not listed by the Swiss Market Index.

In January 2018, Royal Dutch Shell purchased the company's 44% minority interest in solar energy firm Silicon Ranch for an estimated $200 million.

As of 18 September 2020 after closing, Partners Group is in the Swiss Market Index, its first trading day as part of the SMI being September 21. The blue-chip SMI is the most prominent stock index in Switzerland, comprising the 20 largest Swiss stocks.

Partners Group was awarded firm of the year in Switzerland for four years in a row (2017-2020) by Private Equity international.

In 2020, Partners Group entered into a major cooperation with UBS in the form of a new private markets solution for its wealth management clients, targeting an annual investment capacity of US$1–3 billion over time.

In 2021, Partners Group was selected by Malaysia's Employees Provident Fund to manage a substantial portion of its US$600 million Shariah Private Equity Direct/Co-Investment Fund - the largest of its kind in the world.

Partners Group lead a consortium in the biggest Swiss 2022 venture capital investment in cleantech company Climeworks, the world's largest direct air capture and storage plant. Also in 2022, Partners Group invested USD 500 million in the energy-as-a-service company Budderfly which is providing, managing and financing energy efficiency systems for restaurants, retailers and assisted-living facilities.

In November 2022, Partners Group acquired EdgeCore for $1.2 billion, a Colorado-based data center owner and operator company.

On 23rd December 2022, the company bought the majority of the Swiss watch-maker Breitling from CVC. Alfred Gantner is taking over the presidency of Breitling's directorial board.

Controversies

In January 2020, freight rail operating company MidRail accused the private equity firm of soliciting the rail company's business secrets to compete against it on a deal, in violation of a non-disclosure agreement previously signed and agreed to in 2017. The lawsuit was filed in New York State Supreme Court. According to the lawsuit, the company MidRail was forced to bid $100 million more for acquisition target Patriot Rail as a result of the breach in the confidentiality agreement.

References

1. "Partners Group's Meister on how private markets get to $20trn". Retrieved 4 August 2021.
2. "Half Year 2021". Retrieved 4 August 2021.
3. "Partners Group reports CHF 109bn AUM". Retrieved 4 August 2021.
4. ^ "Partner Group reports strong 2021 financials driven by exceptionally high performance fees". Retrieved 24 May 2022.
5. ^ "Partners Group continues to strengthen its presence in Japan with the appointment of Teppei Kawai as Country Head". 25 January 2023. Retrieved 1 March 2023.
6. "Partners Group reports total AuM of USD 94 billion as of 31 December 2019". www.partnersgroup.com. Retrieved 2020-05-29.
7. "Inside private equity's race to go public". www.ft.com. Financial Times. 2022-01-10. Retrieved 2022-05-24.
8. "DBJ Offices: Inside the factory-themed Broomfield HQ of Swiss investment firm Partners Group (Video)". Denver Business Journal. Retrieved 2020-06-01.
9. Partners Group plans IPO on SWX Swiss Exchange Archived 2012-07-23 at archive.today. AltAssets, 2006
10. Archived 2012-06-02 at the Wayback Machine. Partners Group.
11. Crowe, Portia. "The 25 richest people in private equity". Business Insider. Retrieved 2020-05-29.
12. "Individual investors are finding new ways to access private markets". SPEAR'S. 2023-01-25. Retrieved 2023-03-01.
13. Partners Group included in the MSCI Switzerland Index Archived 2013-10-29 at the Wayback Machine
14. "Shell takes big stake in Silicon Ranch". Nashville Post. Retrieved 2019-04-29.
15. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 2020-09-03.
16. "Partners Group boots Adecco out of the SMI". Citywire Switzerland. Retrieved 2020-07-11.
17. "PEI Awards 2020: Winners". Private Equity International. 2021-03-01. Retrieved 2021-06-06.
18. "UBS makes private markets push with Partners Group tie-up". Retrieved 9 November 2021.
19. "UBS strengthens focus on private markets with Partners Group partnership". Retrieved 9 November 2021.
20. "UBS To Launch Private Market Programmes With Partners Group". Retrieved 9 November 2021.
21. "UBS joins forces with private equity firm Partners Group to give wealthy clients access to private markets". Retrieved 9 November 2021.
22. "Employees Provident Fund's US$600 Million Fundraising". Retrieved 9 November 2021.
23. "Swiss Venture Capital Report 2023" (PDF). startupticker.ch. JNB Journalistenbüro. Retrieved 2023-03-01.
24. Garcia, Luis (2022-07-12). "Partners Group invests $500m in energy efficiency company Budderfly". penews.com. Retrieved 2023-03-01.
25. Hu, Krystal (2022-11-11). "Partners Group buys data center platform EdgeCore Digital with $1.2 bln investment". Reuters. Retrieved 2022-11-15.
26. "Partners Group installiert Alfred Gantner als Präsident von Breitling". Handelszeitung (in German). 2022-12-23. Retrieved 2022-12-31.
27. "Partners Group Sued Over Alleged Breach of Non-Disclosure Agreements". Institutional Investor. Retrieved 2020-03-13.

External links

• Partners Group (company website)
• Financial Times Profile
• PEI Awards: Carlyle and Partners Group win big. PEI Awards, 2013
• Silver Lake and Partners Group to Buy Global Blue for $1.25 Billion. The New York Times, 2012
• Partners Group Holding Closes Partners Group European Mezzanine Debt Program Above its EUR 500 Million Target. Reuters, 2010
• Partners Group successfully closes secondary fund at hard cap of EUR 2.5 billion. Bloomberg, 2009
• Partners Group Secondary 2006 closes on €1bn. AltAssets, 2006
• Partners Group opens London office and launches joint HSBC fund of funds. AltAssets, 2005
• Swiss fund of funds Partners Group opens Singapore office and launches Asia fund. AltAssets, 2004

v t e Swiss Market Index companies of Switzerland
ABB Alcon Geberit Givaudan Holcim Kühne + Nagel Logitech Lonza Nestlé Novartis Partners Group Richemont Roche Sika Sonova Swiss Life Swiss Re Swisscom UBS Zurich Insurance Group

v t e Swiss Leader Index companies of Switzerland
ABB Adecco ams Alcon Geberit Givaudan Holcim Julius Bär Kuehne + Nagel Lindt (PS) Logitech Lonza Nestlé Novartis Partners Group Richemont Roche Schindler SGS Sika Sonova Straumann Swatch Group Swiss Life Swiss Re Swisscom Temenos UBS VAT Group Zurich Insurance Group

• Financial services companies established in 1996
• Investment management companies of Switzerland
• Private equity firms of Switzerland
• Private equity secondary market
• Companies listed on the SIX Swiss Exchange