Baar-Zug, 10 January 2008
Record assets under management growth of CHF 7.1bn (+41%) in 2007
Partners Group, the Switzerland-based global alternative asset manager, announces that the estimated assets under management (AuM) as of 31 December 2007 have reached CHF 24.4 billion, corresponding to a net growth of CHF 7.1 billion for the full year 2007 and representing the highest ever annual increase.
The breakdown of AuM is as follows: CHF 16.7 billion private equity, CHF 2.4 billion private debt, CHF 0.3 billion private real estate, CHF 1.4 billion listed alternative investments, CHF 2.7 billion hedge funds, and CHF 0.9 billion in Partners Group’s wealth management practice. The net revenue margin of new assets raised is expected to be in line with previous periods.
Direct AuM growth for the year – representing new assets raised and increases of existing investment programs - amounted to CHF 8.6 billion, with CHF 4.3 billion achieved in each of the half-year periods. Redemptions for the year totaled CHF 1.6 billion, exclusively stemming from the public alternative investment strategies business. Other factors – mainly foreign exchange effects – contributed marginally with CHF 0.1 billion.
The firm’s outlook for 2008 remains positive with a solid inflow of assets expected across many open products in the different business lines, with the target to reach CHF 30 billion in AuM by the end of the year.
In terms of corporate development Partners Group also experienced strong growth in 2007 with 273 employees as of 31 December 2007. To further strengthen its local presence in Asia, Partners Group intends opening new offices in Beijing and Sydney during the first half of 2008. In addition, a Luxembourg office will be established in the coming months to support the growth of investment fund products and to better service clients located in this financial centre.
Partners Group’s senior management will hold a conference call today at 09.00 am CET. Dial-in details can be obtained using the contact details below. The audited financial figures for 2007 will be published on 10 March 2008.
Key dates 2008
10 March 2008
Annual results 2007
11 April 2008
Annual general meeting
8 July 2008
Pre-close announcement AuM as of 30 June 2008
2 September 2008
Semi-annual results as of 30 June 2008