Partners Group Assets Under Management Climb 5.5% in Second HalfGiles Broom
Partners Group Holding AG, a Swiss money manager focused on private equity, said assets under management rose 5.5 percent during the second half of last year after a pick-up in client activity.
Managed assets increased to 28.6 billion euros ($38 billion) on Dec. 31 from 27.1 billion euros six months earlier, the Baar, Switzerland-based company said today in a statement.
Partners group attracted inflows of 4.9 billion euros in the full year, after reporting inflows of 2.4 billion euros for the first half. That was at the upper end of its expectations of 4 billion to 5 billion euros. The company reiterated a target of 4 billion to 6 billion euros of inflows for 2013.
“We look back on a very busy year in which we continued to broaden our product offering to capitalize on the investment opportunities arising out of the current market environment and further saw client activity pick up in all our teams,” Chief Executive Officer Steffen Meister said in the statement.
The company, which has more than two-thirds of client assets in private equity and the rest in real estate, corporate debt and infrastructure, plans to report its full-year financial result on March 19.