Key Takeaways
- • Partners Group hired Philip Butcher, Timm Degenhardt and Sarah Johnson to strengthen its European direct infrastructure investment team, with a stated focus on building platforms in the European mid-market.
- • The firm and Abu Dhabi's Projects and Infrastructure Centre (ADPIC) signed a non-binding memorandum of understanding on 28 October to encourage private participation in infrastructure and real estate projects in Abu Dhabi.
- • Partners Group closed its second rated feeder vehicle of 2026 for its private credit evergreen strategy on 22 October, raising USD 510 million and bringing 2026 rated feeder capital to USD 875 million.
- • Media reports put redemption requests at the US Partners Group Private Equity Fund at USD 2.2 billion in Q3, of which USD 728 million was accepted, and the European Global Value SICAV reportedly plans to cut its quarterly redemption limit for new share classes to 2.5% of NAV from 5%.
- • Shares closed at EUR 729.80 on Friday, up 0.4% but down 31% year to date on the SIX.
Summary
Partners Group is pursuing several initiatives at once: building out its European infrastructure team, expanding its Gulf presence, and raising private credit capital, even as redemption requests at one of its US private equity funds draw attention to liquidity. The Swiss-listed asset manager confirmed the arrival of Philip Butcher, Timm Degenhardt and Sarah Johnson to strengthen its European direct investment team for infrastructure. The hires are intended to support the firm's European infrastructure strategy, with emphasis on platform building in the mid-market segment.
On 28 October, Partners Group and Abu Dhabi's Projects and Infrastructure Centre (ADPIC) signed a non-binding memorandum of understanding aimed at encouraging private participation in infrastructure and real estate projects in Abu Dhabi. The agreement spans both infrastructure schemes and real estate developments.
On the credit side, the firm closed its second rated feeder vehicle of 2026 for its private credit evergreen strategy on 22 October, raising USD 510 million. Capital gathered through rated feeders across 2026 now totals USD 875 million, including a vehicle raised in January. Roughly a month earlier, Partners Group also launched a global multi-sector private credit income strategy.
Against this fundraising momentum, redemption activity remains a counterweight. Media reports, citing a repurchase offer filed with the US Securities and Exchange Commission, put redemption requests at the US Partners Group Private Equity Fund at USD 2.2 billion in the third quarter, of which the fund accepted USD 728 million. Separately, media reports indicate Partners Group intends to temporarily lower the quarterly redemption limit for new share classes of its European Global Value SICAV to 2.5% of net asset value from 5%, with the stated aim of conserving liquidity and avoiding forced sales of illiquid assets.
The stock added 0.4% on Friday to close at EUR 729.80 on the SIX, but remains down 31% since the start of the year. The key test ahead is whether the enlarged European team produces a reported infrastructure platform investment that demonstrates how the mid-market focus is being implemented.
On 28 October, Partners Group and Abu Dhabi's Projects and Infrastructure Centre (ADPIC) signed a non-binding memorandum of understanding aimed at encouraging private participation in infrastructure and real estate projects in Abu Dhabi. The agreement spans both infrastructure schemes and real estate developments.
On the credit side, the firm closed its second rated feeder vehicle of 2026 for its private credit evergreen strategy on 22 October, raising USD 510 million. Capital gathered through rated feeders across 2026 now totals USD 875 million, including a vehicle raised in January. Roughly a month earlier, Partners Group also launched a global multi-sector private credit income strategy.
Against this fundraising momentum, redemption activity remains a counterweight. Media reports, citing a repurchase offer filed with the US Securities and Exchange Commission, put redemption requests at the US Partners Group Private Equity Fund at USD 2.2 billion in the third quarter, of which the fund accepted USD 728 million. Separately, media reports indicate Partners Group intends to temporarily lower the quarterly redemption limit for new share classes of its European Global Value SICAV to 2.5% of net asset value from 5%, with the stated aim of conserving liquidity and avoiding forced sales of illiquid assets.
The stock added 0.4% on Friday to close at EUR 729.80 on the SIX, but remains down 31% since the start of the year. The key test ahead is whether the enlarged European team produces a reported infrastructure platform investment that demonstrates how the mid-market focus is being implemented.
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