The corona crisis did not leave the Zug-based private market specialist Partner Group completely unscathed. Investment activity slowed down over the past year. The further development depends heavily on the further course of the pandemic.
The Zuger Partners Group received new capital commitments from its international customers in the amount of 16.0 billion dollars in the twelve months up to December 31, 2020, compared to 16.5 billion dollars a year earlier, as the company announced on Thursday evening.
The company’s total assets under management increased to $ 109.1 billion as of December 31, 2020. At the end of 2019, it was 94.1 billion, which, without taking foreign currency effects into account, corresponds to underlying growth of 11 percent (including foreign currency effects: 16 percent).
Due to the market turmoil triggered by Covid-19, investment activity slowed in 2020.
The Partners Group invested a total of 8.6 billion dollars for its customers across all asset classes in the private markets, compared to 14.8 billion dollars a year earlier.
The company made the majority of investments in the first and fourth quarters of 2020. Looking ahead to 2021, the company has a robust investment pipeline, according to further information.
Partners Group expects capital commitments of $ 16 billion to $ 20 billion, as well as tail-down effects from more mature investment programs and capital returns from semi-liquid permanent programs of approximately $ -9.5 billion. It assumes that these commitments will be spread evenly across all program types, from mandate solutions to the range of semi-liquid permanent investment opportunities to traditional private market programs.
Sustainably attractive returns
“We are confident about our medium to long-term growth outlook as our investors continue to expand their allocations to private markets.
The expected capital commitments for 2021 are based on the assumption that the current uncertainties due to Covid-19 will further decrease over the course of the year. Regardless of this, we are ideally positioned to achieve sustainable, attractive returns and to be the preferred partner for investors. Our tailor-made solutions and excellent service remain a differentiator, ”said André Frei, Partner und Co-Chief Executive Officer.
The company will present the detailed results for 2020 on March 16, 2021.
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