Partners Group grew to €46 billion in total assets under management (AUM) by the end of 2015, representing a 22 percent year on year increase on 2014’s total of €37.6 billion, according to a statement from the investment manager.
Zug-based Partners invested a total of $2.2 billion in the secondaries market globally in diversified private markets portfolios. Although the secondaries team screened $125 billion in private market assets, they invested in less than 2 percent of those opportunities.
The firm attributed the growth to strong gross client demand totalling €8.4 billion, as well as the strengthening of the US dollar against the euro. Foreign exchange effects accounted for a €1.8 billion increase, as 36 percent of Partners’ AUM is dollar-denominated. Another €600 million came from the performance of certain investment vehicles, which Partners did not name in the release.
Partners also disclosed that it invested a total of $9.7 billion on behalf of its clients in 2015. The firm deployed a total of $5.6 billion in direct transactions, investing $3 billion of this in 26 assets across private equity, private real estate and private infrastructure, while $2.6 billion was invested in 28 credits.
The breakdown of total AUM as of 31 December included €27 billion in private equity, €8 billion in real estate, €6 billion in private debt and €5 billion in private infrastructure.