Partners Group First-Half Client Managed Assets Increase 5.9%

Partners Group Holding AG (PGHN), a Swiss money manager focused on private equity, saw assets climb 5.9 percent in the first half of the year as clients added funds.

Client funds increased to 30.3 billion euros ($40 billion) on June 30, from 28.6 billion euros six months earlier, the Zug, Switzerland-based company said today in a statement. Partners Group expects to meet its annual target of 4 billion to 6 billion euros of net new money after first-half client demand of 2.2 billion euros, the firm said.

Partners Group rose 28 percent this year compared with a 15 percent advance in the Stoxx 600 Financial Services Index. The firm, which has about two-thirds of its investments in private equity and the rest in real estate, corporate debt and infrastructure, is targeting growth in the Americas to help reach a goal of 50 billion euros in assets under management.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.