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One of the Most Valued Private Equity Firms Isn't on Wall Street

Partners Group has quietly become a private equity behemoth
But can the Swiss take on U.S. firms on their home turf?

Bloomberg’s Jason Kelly reports on Partners Group Holding AG which is now a titan in the private equity space.(Source: Bloomberg)

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By Lukanyo Mnyanda, Christian Baumgaertel, and Kiel Porter

January 9, 2018 at 5:01 AM UTC

This article is for subscribers only.

Talk about the titans of private equity and you’ll probably think Blackstone Group LP, KKR & Co. or Carlyle Group LP.

But hidden in the small Swiss town of Baar, in a glass building opposite a McDonald’s and a couple of gas stations, resides a firm that by some measures is more highly valued than its big U.S. competitors. It has the third-highest market worth of publicly traded private equity firms worldwide, eclipsing much larger asset managers such as Carlyle. It went public a year before its first U.S. peers and surged more than 10-fold since, while Blackstone trades barely above its 2007 offer price.