The Zug-based private equity group, Partners Group, continues its growth trajectory, benefiting from a record in client acquisition. Despite a challenging market environment, the firm attracted substantial new funds in the billions last year.
By the end of 2023, the Zug private equity group managed assets worth $146.9 billion, up from $135.4 billion at the end of 2022, according to a media release on Thursday evening.
Furthermore, clients made capital commitments of $18 billion. In 2022, these commitments amounted to $22 billion. CEO David Layton emphasized that Partners Group benefited from strong demand for tailored solutions last year and set a new record in client acquisition.
Although transaction volumes were declining, Layton sees early signs of an improvement in transaction activities in the new fiscal year. He anticipates a favorable environment for the private equity industry. For the full year 2024, the group expects capital commitments between $20 and $25 billion.
The detailed results for the fiscal year 2023 will be published by Partners Group on March 19, and investors are eagerly awaiting further insights into business development.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | David Layton |
| Companies | Partners Group, Zuger Private-Equity-Gruppe |
| Currencies | US Dollar |
| Securities | None |
