Partners Group Reports 7% Increase in Managed Assets

Partners Group Holding AG, a Swiss investment firm catering to private markets, expects to raise money in line with its full-year target after managed assets increased 7 percent in the first half.

Assets rose to 33.8 billion euros ($46 billion) at the end of June from 31.6 billion euros six months earlier, the firm said in a statement today. Gross client demand for the firm’s investments was 2.9 billion euros, putting it on track to achieve between 4.5 billion euros and 6.5 billion euros for the full year.

“We have seen increasing demand for specialized private markets mandates over recent years,” Andre Frei, co-chief executive officer at Partners Group, said in the e-mailed statement.

Partners Group rose 2.6 percent to 251.75 francs as of 9:53 a.m. in Zurich, valuing the company at 6.72 billion francs ($7.5 billion). The stock has advanced 5.8 percent this year.

Partners Group is seeking to raise more money from institutional investors such as corporate and public pension funds after growing managed assets 17 percent a year on average since 2009, according to its latest annual report. About a third of investments are in private equity, with the remainder in real estate, debt and infrastructure.

Assets under management were also affected by maturing investment programs, client redemptions, investment performance and foreign exchange movements in the first half of the year.

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