Partners Group completes sale of managed account platform
Partners Group, the Switzerland based private markets assets manager, has successfully completed the sale of its hedge funds managed account platform to Sciens Capital Management, an independent alternative asset manager headquartered in New York and London, in a cash and earn-out transaction. This represents the final step for Partners Group in focusing exclusively on private markets, with activities in private equity, private debt, private real estate and private infrastructure, an intention which the firm first communicated two years ago.
Steffen Meister, Chief Executive Officer, comments, "We are pleased to have finalized the sale of the managed account platform to Sciens Capital Management and believe this will provide clients invested in the platform with a continued superior service offering in this demanding segment of the hedge fund industry. Transferring the platform will have a minimal impact of less than 1% on current assets under management and the terms of the sale allow Partners Group to benefit from asset growth achieved by Sciens Capital Management in the future."
About Partners Group
Partners Group is a global private markets asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. 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 360 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 4 billion with a clear majority owned by its 36 Partners and all employees.
Investor relations contact:
Dr. Cyrill Wipfli, Partner
Chief Financial Officer
Phone: +41 41 768 85 71
E-mail: [email protected]
Media relations contact:
Tamara Krebs
Communications
Phone: +41 41 768 85 26
E-mail: [email protected]
www.partnersgroup.com
Partners Group, the Switzerland based private markets assets manager, has successfully completed the sale of its hedge funds managed account platform to Sciens Capital Management, an independent alternative asset manager headquartered in New York and London, in a cash and earn-out transaction. This represents the final step for Partners Group in focusing exclusively on private markets, with activities in private equity, private debt, private real estate and private infrastructure, an intention which the firm first communicated two years ago.
Steffen Meister, Chief Executive Officer, comments, "We are pleased to have finalized the sale of the managed account platform to Sciens Capital Management and believe this will provide clients invested in the platform with a continued superior service offering in this demanding segment of the hedge fund industry. Transferring the platform will have a minimal impact of less than 1% on current assets under management and the terms of the sale allow Partners Group to benefit from asset growth achieved by Sciens Capital Management in the future."
About Partners Group
Partners Group is a global private markets asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. The firm manages a broad range of funds and customized portfolios for an international clientele of institutional investors. 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 360 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of CHF 4 billion with a clear majority owned by its 36 Partners and all employees.
Investor relations contact:
Dr. Cyrill Wipfli, Partner
Chief Financial Officer
Phone: +41 41 768 85 71
E-mail: [email protected]
Media relations contact:
Tamara Krebs
Communications
Phone: +41 41 768 85 26
E-mail: [email protected]
www.partnersgroup.com