Partners Group Rakes In US$3.6B, Sees HF Ouflows

Jul 9 2008 | 11:44am ET

Partners Group, the Zug, Switzerland-based global alternative asset manager, has a few billion reasons to smile to date. The firm said it experienced overall asset growth of 3.8 billion Swiss francs (US$3.6 billion) during the first half of the year, bringing its total AUM to 25.4 billion francs (US$24 billion).

Specifically, the firm’s private markets business lines (equity, debt and real estate) have seen sustained inflows of 3.5 billion francs, with an emphasis on programs focused on mezzanine investments, secondary opportunities, the Asia-Pacific region and European small- and mid-cap buyout investments.

However, net asset growth was temporarily slowed by “primarily adverse foreign exchange developments and to a lesser extent negative performance effects in the liquid strategies and redemptions of 1.4 billion francs (US$1.3 billion) in the liquid strategies and in the private wealth management business,” said the firm.

Partners Group said it is in the process of redefining its hedge fund strategy and “will combine its expertise in hedge fund investing, alternative beta strategies and private markets to address clients’ increased need for absolute return products in an increasingly challenging and highly correlated public market environment.”

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