Press releases
Partners Group announces two further mandates and holds conference call to reconfirm the stability of its business on,10 December 2008
Partners Group, the Switzerland-based global alternative asset manager, can reconfirm the stability of its business and, in view of the recent developments on financial markets, invites market participants to a conference call with senior management on 10 December 2008. The Partners Group business remains profitable and stable with a debt-free balance sheet and a large cash position.
Baar-Zug, 9 December 2008
Alfred Gantner, Executive Chairman, comments “I can confirm that our business remains well on track. While we do expect to see NAV corrections of between 10-25% across the private equity industry, this will have the largest impact on those funds that stop their investment activity at this point. Investments in the secondary market at discounts to fair market value from distressed sellers offer significant opportunities and will absorb a substantial part of this correction. We see our clients continuing their investment activities and taking advantage of the current attractive opportunities in private markets.”
Furthermore, Partners Group continues its successful fundraising and has been awarded two further new mandates in addition to those recently announced. A global private real estate mandate was awarded by a UK county pension fund as well as a private equity mandate by a UK superannuation scheme, for a total initial investment sum of over CHF 300 million, starting in 2009. Partners Group was granted these mandates based on its independence from any large financial institution, its integrated approach to private markets investing as well as its global reach and presence.
Alfred Gantner, Executive Chairman, will hold a conference call on 10 December 2008 from 3 - 4 pm CET to update interested parties on the continued solid development of the business and will be available to answer questions from participants during the call.
Please contact Jolanda Hürlimann (phone +41 41 768 84 24, email jolanda.huerlimann@partnersgroup.net) to register for the conference call and to obtain the dial-in details.
About Partners Group
Partners Group is a global alternative asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives. 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. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Singapore, Beijing, Tokyo and Sydney. The firm employs over 300 people, is listed on the SWX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 1.5 billion and majority owned by its 38 Partners & Principals and all employees.