Partners Group

What Partners Group does

Partners Group is a publicly-listed Swiss global private markets investment manager founded in 1996 by Marcel Erni, Alfred Gantner, and Urs Wietlisbach, headquartered in Zug, Switzerland and listed on the SIX Swiss Exchange (PGHN) since 2006. The firm operates an integrated investment platform spanning five core asset classes: Private Equity, Infrastructure, Private Credit, Private Real Estate, and Royalties. As of the current period, the firm manages USD 185 billion in assets under management and has cumulatively invested USD 261 billion across 21 offices worldwide, supported by a thematic investing platform and an entrepreneurial governance model leveraging over 200 operating directors and industry advisors.

The firm serves over 800 institutional clients globally, including pension funds, sovereign wealth funds, and insurance companies, with bespoke mandates and tailored investment solutions. It has expanded distribution into private wealth through evergreen funds, interval funds, and ELTIF vehicles distributed via US RIAs, European family offices, and multi-family offices, formalized as a dedicated Private Wealth business unit in 2022. Revenue is generated through two primary streams: recurring management fees calculated as a percentage of committed capital or NAV across private equity, private credit, real estate, and infrastructure strategies, and performance fees consisting of carried interest and performance-based fees contingent on return thresholds. The firm also earns returns on co-investment capital deployed alongside client commitments in specific transactions.

Recent strategic activity has centered on three themes: scaling in digital infrastructure (EdgeCore Digital Infrastructure acquired for USD 1.2 billion in 2022, with GreenSquare Data Centers and Life Cycle Power added in 2025), deepening Asia-Pacific exposure (Hong Kong office in 2024, USD 2.5 billion deployed across India at 38%+ IRR, Infinity Fincorp acquired for USD 230 million in 2026), and broadening product offerings (eighth private equity secondaries program closed above USD 9 billion in April 2026, Total Return Strategy launched May 2026). The firm faced a significant liquidity event in Q2 2026 when it imposed a 5% redemption gate on its USD 8.6 billion Global Value SICAV evergreen fund after redemption requests reached 9.8%, triggering a stock decline and broader sector concerns about private markets liquidity.

Name

Partners Group

Legal name

Partners Group AG

Website

http://www.partnersgroup.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Partners Group is a publicly-listed Swiss global private markets investment manager managing USD 185 billion across private equity, private credit, infrastructure, real estate, and royalties, serving 800-plus institutional clients and a growing private wealth channel across 21 offices worldwide.

Ownership category

akta.pro rank

Product category

Private Markets Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Investment Banking and Securities Intermediation (523150), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Private Equity Fundraising Placement (FSAEALAB)

akta.pro secondary industries

Venture Capital Secondaries (LP Interests & Direct Secondaries) (FSANAFAJ), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), LP Secondaries — Growth Equity Funds (FSAHALAC)

Keywords

• Private equity investment
• Private markets management
• Alternative asset management
• Private credit lending
• Infrastructure investment

Headquarters

HQ city

Baar

HQ country

Switzerland

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: Recurring fees charged on assets under management across private equity, private credit, private real estate, and private infrastructure strategies. Fees are typically calculated as a percentage of committed capital or NAV.
2. Performance Fees: Carried interest and performance-based fees aligned with investment returns generated for clients. These fees are contingent on achieving specified return thresholds.
3. Co-investment Capital: The firm also earns returns on co-investment capital deployed alongside client commitments in specific transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Partners Group is a global private markets investment manager that invests capital on behalf of institutional and private wealth clients across five asset classes: Private Equity, Private Credit, Private Real Estate, Private Infrastructure, and Royalties. The firm delivers these strategies through bespoke mandates, closed-end limited partnerships, and evergreen fund vehicles, managing USD 185 billion in assets under management and serving more than 800 institutional clients worldwide. Revenue is generated from recurring management fees, performance-based carried interest, and returns on co-investment capital deployed alongside clients.

Product overview

Partners Group operates as a leading global private markets investment manager offering a comprehensive platform of five core asset classes: Private Equity, Infrastructure, Private Credit, Private Real Estate, and Royalties. The firm's integrated investment platform combines transformational investing with bespoke client solutions, serving both institutional investors (pension funds, sovereign wealth funds) and private wealth clients through tailored mandates, evergreen funds, and traditional closed-end limited partnership structures. The platform enables Partners Group to construct customized investment solutions that cater to differing investment needs and regulatory requirements across global markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity
• Private Infrastructure
• Private Credit
• Private Real Estate
• Royalties
• Institutional Investor Solutions
• Private Wealth Solutions
• Evergreen Funds
• Private Equity Secondaries Program
• Total Return Strategy
• B Residences Real Estate Strategy

Quantifiable outcome

• 11.7% LTM net return on cross-sector royalty fund
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor.

• The Bank of East AsiaminorStrategic or Co-development Partner · 14 May 2026Partners Group announced a new distribution partnership with The Bank of East Asia for private markets distribution in Asian markets.
• Kuehne+NagelminorStrategic or Co-development Partner · 19 March 2026Kuehne+Nagel and Partners Group jointly acquired Apex Logistics in 2021. Kuehne+Nagel has now assumed full ownership as Partners Group exits its minority stake.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• StepStone Group: StepStone is a global private markets solutions and secondaries-focused firm, serving institutional and private wealth clients with fund investments, co-investments, and secondaries. It is the most direct competitor to Partners Group's secondaries franchise.
• Hamilton Lane: Hamilton Lane is a private markets investment manager focused on primaries, secondaries, and co-investments across PE, credit, and infrastructure. Its product mix and growing private wealth business make it a closely comparable peer to Partners Group's solutions and secondaries franchises.
• CVC Capital Partners: CVC is a major European-headquartered private equity and private credit manager with growing private wealth and secondaries offerings. It competes with Partners Group for mid- and large-cap European PE deals and increasingly for global institutional LP relationships.
• EQT AB: EQT is a Swedish-listed private markets firm with a multi-strategy platform spanning PE, infrastructure, growth, and private wealth. As a fellow European-listed, multi-asset private markets manager with strong thematic sourcing and secondaries exposure, EQT is one of the closest structural analogs to Partners Group.

Broad incumbents

• TPG Inc. TPG is a global alternative asset manager spanning PE, growth, real estate, and credit with an active private wealth and secondaries build-out. It is a relevant competitor to Partners Group across flagship PE, growth equity, and capital solutions.
• KKR: KKR is a global alternatives platform with PE, infrastructure, credit, and real estate strategies plus growing insurance/permanent capital. It directly competes with Partners Group for institutional LP mandates and increasingly in private wealth distribution.
• Brookfield Asset Management: Brookfield is one of the largest global alternative asset managers, with leading positions in real estate, infrastructure, renewable power, and private equity. It is a key competitor to Partners Group in infrastructure and real estate and increasingly in private wealth.
• Carlyle Group: Carlyle is a global alternatives manager across PE, credit, and real assets with a public listing and growing private wealth initiatives. It competes with Partners Group for global institutional mandates and in private wealth distribution.
• Blackstone: Blackstone is the world's largest alternative asset manager, offering a comparable multi-asset private markets platform spanning PE, real estate, credit, infrastructure, and hedge funds. It is the dominant scaled competitor to Partners Group, particularly in flagship PE and evergreen wealth solutions.
• Apollo Global Management: Apollo is a leading alternatives manager with deep private credit, PE, and retirement services franchises. Its scaled credit and hybrid value strategies and insurance balance sheet make it a direct competitor to Partners Group across asset classes and client segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/partnersgroup
• LinkedInlinkedin.com/company/partners-group
• Instagraminstagram.com/partnersgroupglobal

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A73 records

Investments79 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Partners Group