Price sensitive ("ad hoc") releases
Baar-Zug, 12 July 2012
Partners Group, the global private markets investment manager, has seen sustained client demand during the first half of 2012 following the continued strong outperformance against public markets achieved for clients, with inflows amounting to EUR 2.4 billion resulting in total assets under management (AuM) of EUR 27.1 billion as of 30 June 2012. The firm further reconfirms it expects the level of client interest to be sustained through the second half of the year and that demand for the full year, as previously announced in January 2012, should reach EUR 4-5 billion in total.
Partners Group continues to identify numerous attractive investment opportunities for its clients and has invested a total of USD 2.4 billion across private equity, private real estate, private infrastructure and private debt, including 16 direct investments. Despite the challenging environment, the firm has achieved portfolio realizations of USD 1.6 billion in the first half of 2012.
Alfred Gantner, Co-founder and Executive Chairman, comments "We firmly believe private market assets should do well in a low-growth environment and aim to seize the compelling opportunities we see in many parts of the world and across different sectors for our clients. In private equity, we focus on cash-rich defensive companies, promising investments in growth regions and companies active in niche segments. We further believe that private debt investments should benefit from the transition in lending markets as the supply of traditional providers of debt creates a shortfall that has resulted in compelling scarcity premiums. Finally, in private real estate and private infrastructure we avoid overcrowded market segments and pursue attractively priced assets while also seeking an inherent inflation link, contractually locking in inflation adjustments or exhibiting positive correlation between revenues and inflation."
Dr. Cyrill Wipfli, Partner and Chief Financial Officer, adds "We currently see client allocations continuing to increase in all regions and across all private market segments and expect this trend to continue going forward. With the most sophisticated global private market investors having allocated over 10% to private markets, the fact that the majority of other institutional investors still has allocations of under 3% allows for significant catch-up potential. Based on the substantial outperformance over public markets we have been able to achieve for our clients over the past decade, we are convinced Partners Group is well-positioned to be at the forefront to profit from this development."
Partners Group's senior management will hold a conference call today at 9 am CET. Dial-in details can be obtained by using the contact details below. The semi-annual results as of 30 June 2012 will be published on 4 September 2012.