Partners Group Holding Ag · SIX:PGHN
Partners — Investor Presentation (January 2025)
79 slides from Partners's investor presentation, January 2025
Slide 1: Update on Partners Group
Update on Partners Group January 2025 For Institutional Use Only – Not for Public Distribution For Institutional Use Only – Not for Public Distribution
Slide 2: Table of contents
2 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 3: Partners Group is one of the largest firms in the private markets industry
Overview - Partners Group 3 Partners Group is one of the largest firms in the private markets industry Total assets under management1 (in USD billion) 152 $152bn assets under management $108bn in bespoke solutions 2 43 5 private markets asset classes 3 11 $234bn invested since foundation 2014 2006 2
Slide 4: Built differently from the rest of the industry
Overview - Partners Group 4 With our heritage in Switzerland and our primary presence in the Americas in Colorado, we are built differently from the rest of the industry Americas Europe Asia-Pacific Thematic We focus our thematic research on growth sectors Toronto New York Denver Houston Seoul Tokyo
Slide 5: We apply our industrial mindset to build market-leading businesses
Overview - Partners Group 5 We apply our industrial mindset to build market-leading businesses and assets that can capitalize on growth trends Across asset classes (invested since inception) Across geographies2 (invested since inception) Royalties1 Rest of world Real estate 0.2% 3% 13% Asia-Pacific
Slide 6: Our transformational investing approach delivers repeatable performance
Overview - Partners Group 6 Our transformational investing approach delivers repeatable performance Thematic sourcing Entrepreneurial ownership allows us to find winning businesses in high-growth sectors drives value creation tailored to each investment ✓ 3 giga themes and dozens of thematic sectors
Slide 7: Table of contents
7 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 8: In 2024, we laid the foundations for future growth
Strategic update 2024 8 In 2024, we laid the foundations for future growth 1 Acting on a consolidating industry with our acquisition of Empira 2 Solving the allocation gap in private wealth with the first one-stop solution 3 Extending our suite of evergreen funds with seven new offerings 4 Entering
Slide 9: Vertical depth in real estate via strategic acquisition
Strategic update 2024 9 We added vertical depth to our real estate business via a strategic 1 acquisition Residential development Focusing on acquiring land with planning or existing building rights to develop residential properties Total Gross Development Value1 (GDV) Fee-paying assets under manage
Slide 10: Partnership with BlackRock to solve the allocation gap
Strategic update 2024 10 We partnered with BlackRock to solve the allocation gap and access 2 a USD ~10tn1 private wealth opportunity; target launch H1 2025 First-of-its-kind model portfolio solution to provide Illustrative private markets model portfolios: access to private markets in one portfolio
Slide 11: Launched 7 new evergreens
Strategic update 2024 11 We launched 7 new evergreens, satisfying diverse needs across a 3 fragmented global private wealth market 20+ year track record of providing leading solutions Largest 4 evergreens by size below… 50 1940 Act Global value Multi-asset Private loan 45 Registered Fund program pro
Slide 12: New asset class: private markets royalties
Strategic update 2024 12 We launched a new asset class: private markets royalties is a ~$2tn 4 opportunity which could double in the next cycle What is a Royalty? Comparative analysis with other asset classes Performance relative to other asset classes1 Worst Year Private equity Royalties Senior cre
Slide 13: Expanded growth equity strategy in healthcare and technology
Strategic update 2024 13 We expanded our growth equity strategy, with a focus on healthcare & 5 technology Building on our long track record of investing in fast-growing companies Growth investment Series C fundraising Applying our thematic sourcing approach, which already tracks transformative grow
Slide 14: Table of contents
14 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 15: 2024 was a transition year for the industry
Investments 15 2024 was a transition year for the industry; equity investment activity improved modestly Equity investments by asset class (in USD tn)1 +65% Gradual recovery continued in 2024 Invested in equity2 with 17% increase in industry activity 2.0 1.9 Industry +17% Industry investment levels
Slide 16: Thematic investing approach starts with 3 giga themes
Investments 16 Our proprietary and systematic thematic investing approach starts with 3 giga themes 3 Giga Themes Digitization & Automation New Living Decarbonization & Sustainability Dozens of Transformational Trends Democratization of Institutionalization of Self-learning Increasing speed-to- Deve
Slide 17: Investment activity up 66% year-on-year
Investments 17 Investment activity up 66% year-on-year as we executed on significant near- term thematic pipeline Investments 20241 Portfolio ▪ Significant increase in direct equity investments; +61% assets Liquid loans year-on-year as pipeline successfully converted 13% 41% ▪ Strong infrastructure
Slide 18: Unique platforms with strong thematic tailwinds
Investments 18 We continue to build unique platforms with strong thematic tailwinds 1GW+ 10-15 years USD 1.9bn up to 30 year 100'000 EUR 10bn capacity in pipeline average contract term equity investment contract terms connections supplied target market next 10yrs Leading developer, owner, and operat
Slide 19: Private equity: hands-on value creation
Investments 19 Private equity: our transformational investing approach drives hands-on value creation in growing themes 2023 performance Realized portfolio outcomes3 11% 33% 32% Revenue growth1 91% of realized portfolio outcomes >2.0x 26% 13% EBITDA growth1 23% 5% EBITDA margin1 4% 4.4% <1.0x 1.0 -
Slide 20: Infrastructure: next-generation platforms
Investments 20 Infrastructure: we build next-generation infrastructure platforms 2023 performance Realized portfolio outcomes3 11% 41% Revenue growth1 No portfolio realizations 33% <1.0x 15% 23% EBITDA growth1 >150 Value creation initiatives 0% 3% 12.6% <1.0x 1.0 - 2.0x 2.0 - 3.0x 3.0 - 4.0x >4.0x 1
Slide 21: Private credit: diligent underwriting and strong performance
Investments 21 Private credit: diligent underwriting coupled with active asset management has led to strong performance across the direct lending portfolio 2023 performance Default rates since Consistent outperformance inception3 through variable conditions4 ~90% 1.53% 1.62% Lower defaults vs. marke
Slide 22: Real estate: NOI growth and improving occupancy
Investments 22 Real estate: we mitigated an ongoing disruptive change through our active approach by delivering NOI growth and improving occupancy rates 2023 performance Operational performance remains solid 100% 3-9% +1%pt YoY +6%pt YoY +5%pt NOI1 growth Occupancy rates YoY +3%pt YoY 4% Occupancy i
Slide 23: USD 18 billion in realizations, up 53%
Investments 23 We generated USD 18 billion in realizations, up 53% year-on-year Portfolio realizations 2024 Portfolio assets 30% Second. ▪ H2 realizations in line with H1; 2024 performance fees & prim. confirmed to be at around 20% 30% Credit 37% ▪ Late 2024 exits result of focus on building solid d
Slide 24: Recent sales show exit environment improving
Investments 24 Recent sales highlight that the exit environment is gradually improving… Trade sale Strategic Undisclosed +52% EUR 6.7bn Undisclosed 5x EUR 1.6bn MOIC1 smart reader market share enterprise value MOIC1 increase in EBITDA equity value Global provider of digitally enabled solutions in th
Slide 25: IPO markets are an attractive exit opportunity
Investments 25 …and IPO markets are an attractive exit opportunity IPO IPO >7x 640 INR 370bn >3x 2'400 USD 2.7bn MOIC1 stores pan-India fully diluted equity value1 MOIC2 centers nationwide market cap2 Leading retailer for middle- and lower-middle income consumers India Leading provider of early chil
Slide 26: Real estate market increasingly supportive of exits
Investments 26 For strong assets, the real estate market is increasingly supportive of exits Residential multi- family property United Kingdom Spain >3x 17'000+ 36'000 >1.5x (partial exit) 10'200 160 MOIC1 homebuyers helped properties MOIC3 square meters (GLA4) apartments One of the largest provider
Slide 27: Table of contents
27 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 28: We raised USD 22 billion in 2024
Clients 28 We raised USD 22 billion in 2024, up 18% year-on-year Fundraising by asset class Fundraising by strategy Royalties Private equity Real estate 1% Traditional programs 6% 40% 22% Mandates Infrastructure 20% $22 $22 39% billion billion Evergreens Bespoke 33% 39% solutions Private credit 78%
Slide 29: AuM growth supported by diversified offering
Clients 29 AuM growth supported by diversified offering AuM by asset class 2024 AuM by program 2024 Royalties Real estate 0.1% 10% Private equity Traditional 51% client programs Infrastructure 29% Mandates 39% 18% $152 $152 billion billion Private credit Evergreens Bespoke 21% 32% client solutions 7
Slide 30: Customization and perpetuality of bespoke solutions
Clients 30 Customization and perpetuality of bespoke solutions makes them preferred choice for both clients and Partners Group Illustrative example of program characteristics from a client's perspective Mandates Evergreens Traditional funds Strategic allocation decision Decision to invest in Commitm
Slide 31: Portfolio solutions among the most sophisticated in the industry
Clients 31 Our portfolio solutions are amongst the most sophisticated in the industry Mandate portfolio (example) Evergreen solution (example) Strategy allocation Asset allocation (Private equity directs, private (IT, healthcare, consumer, equity secondaries, private equity discretionary, industrial
Slide 32: Robust, geographically diversified fundraising pipeline
Clients 32 We have a robust and geographically diversified fundraising pipeline that we will continue developing throughout 2025 Illustrative global pipeline (indicative size of pipeline per region) 2025 new client demand & tail-down guidance ▪ New client demand: USD +22 to +27 billion full-year gui
Slide 33: Table of contents
33 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 34: H1 2024 financials overview
Financials as of H1 2024 34 H1 2024 financials overview AuM Management fees Performance fees EBIT margin EBIT (in USD bn) (in CHF m) (in CHF m) (in %) (in CHF m) +5% +4% -39% +0.8%-points -6% 149 815 142 786 Avg. +2% 129 AuM in 644 126 605 CHF 61.2% 62.0% 265 161 25% in % of 17% revenues H1 2023 H1
Slide 35: Revenues underpinned by stable recurring management fees
Financials as of H1 2024 35 Revenues underpinned by stable contractually recurring management fees Revenues1 (in CHF m) 1'051 977 Revenues ▪ Revenues: growth impacted by performance fees; FX adversely affected 265 161 Performance fees revenue growth by 2% +4% 85 Other revenues & ▪ Management fees: r
Slide 36: Management fee margin remains solid
Financials as of H1 2024 36 Management fee margin remains solid Revenue margin1 2.41% Performance fees Management fees2 1.89% 1.82% 46% 1.74% 1.71% 30% 29% 1.51% 1.51% 1.56% 1.52% Performance 1.36% 1.39% 19% 1.35% 1.36% 1.33% 1.39% 1.38% 24% 17% fees as % of 1.26% 1.25% 1.26% 1.23% 30% 19% 14% total
Slide 37: Performance fee outlook reconfirmed
Financials as of H1 2024 37 Performance fee outlook reconfirmed Performance fees as % of total revenues ▪ H1 2024: direct private equity assets and 25-40% private credit drove performance fees; Performance fees1 impacted by low transaction volumes 20-30% ▪ 2024: expected to be at around 20% amid 17%
Slide 38: Performance fee potential follows AuM growth
Financials as of H1 2024 38 Performance fee potential is expected to follow AuM growth over time $56 billion Direct investments AuM1 (in USD bn) Performance fees (in CHF m) 147 149 Past investments 1500 135 translate 140 into 2015- 127 future performance Direct2 vs. portfolio $10 billion 2019 fee po
Slide 39: Total operating costs impacted by performance fee-funded expenses
Financials as of H1 2024 39 Total operating costs impacted by performance fee-funded expenses From revenues to EBIT (in CHF m) We continue to invest into our future H1 2024 H1 2023 growth at a ~60% EBIT margin Revenues1 977 -7% 1'051 ▪ Total costs: decrease mainly driven by lower Total operating cos
Slide 40: Revenues and costs affected by currency movements
Financials as of H1 2024 40 Revenues and costs affected by EUR or USD movements against the CHF Currency exposure H1 2024 AuM ≈ Management fees1 Total costs2 Others GBP 6% ▪ Appreciation of CHF against the 5% USD and EUR negatively Other EUR impacted revenues by 2% EUR 5% 4% 44% SGD 9% CHF ▪ Year-ov
Slide 41: Investments at ~60% EBIT margin target
Financials as of H1 2024 41 We continue to make investments at ~60% EBIT margin target to support growth EBIT margin development AuM $149 billion 65% 65% 63% 62% 63% 60% 59% 59% 58% 61% 60% 61% 62% ~60% target1 AuM $37 billion 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 H1 2024 1 For
Slide 42: Strong financials, balance sheet, and liquidity
Financials as of H1 2024 42 Strong financials, balance sheet, and liquidity From EBIT to profit Balance sheet (in CHF m) (as of 30 June 2024) H1 2024 H1 2023 Revenues1, of which 977 -7% 1'051 2.3 45% Management fees2 815 +4% 786 CHF billion return on Performance fees 161 -39% 265 available liquidity
Slide 43: Strong track record of compounding dividends
Financials as of H1 2024 43 Strong track record of compounding dividends Dividend per share Strong dividend track record (in CHF, as of 31 December 2023) (as of 31 December 2023) AuM 50 180 $147 billion 45 1 160 39.00 40 33.00 37.00 140 17% 16 35 dividend growth years of consistent 27.50 120 30 p.a.
Slide 44: Table of contents
44 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 45: PG released its Sustainability Report in April 2024
ESG 45 PG released its Sustainability Report in April 2024 Full report can be found in "Reports and Presentations" on Partners Group website https://www.partnersgroup.com/en/s hareholders/reports-and- presentations#all Reports & Presentations - Partners Note: For illustrative purposes only. Source:
Slide 46: Committed to sustainability for over 20 years
ESG 46 Partners Group has been committed to sustainability for over 20 years Double materiality assessment: Signature of UN-backed Update to Sustainability Principles for Launch of the 1st global private markets firm Strategy and Policy Responsible Investment LIFE Strategy included in Dow Jones (UN
Slide 47: Highlights from our Sustainability Report 2023
ESG 47 Highlights from our Sustainability Report 2023 Investing in renewables Data & Cybersecurity Portfolio Net Zero >7.5bn USD >90% >60 committed to investing of portfolio companies portfolio companies in renewables have cyber and data- Paris Agreement securities in place aligned Sustainable Lendi
Slide 48: Consolidated approach for sustainability
ESG 48 The consolidated approach for sustainability at Partners Group 2023 2024 Corporate Sustainability Report Sustainability Report Global Reporting Initiative (GRI) TCFD Report Sustainability Accounting Standards Board (SASB) Task Force for Climate-related Financial Sustainability Strategy Disclo
Slide 49: Core elements of our sustainability approach
ESG 49 Core elements to our sustainability approach at corporate and portfolio level Example of a climate topic Material for Firm Topic Firm Portfolio ▪ GHG emissions reduced by 28.8% since 2019 Climate ▪ On target to reach corporate net-zero by Human rights & labour 2030 Talent Diversity, Equity &
Slide 50: Sustainability Strategy – Portfolio
ESG 50 Sustainability Strategy – Portfolio (priority topics) Climate Talent Governance Aligned to ▪ Design tailored employee engagement ▪ Appoint a board responsible for Net Zero Investment Framework strategies and employee incentive sustainability ▪ Measure and report GHG footprint1 initiatives ▪ C
Slide 51: Sustainability strategy – Corporate
ESG 51 Sustainability strategy – Corporate (priority topics) Climate Talent Governance ▪ Measure and externally assure our ▪ Strive for top-quartile employee ▪ Assess sustainability risks and greenhouse gas (GHG) footprint engagement score and equal promotion opportunities as a responsible investor
Slide 52: Table of contents
52 Table of contents 1Overview - Partners Group 1 Overview - Partners Group 2Strategic update 2024 2 Strategic update 2024 3Investments 3 Investments 4Clients 4 Clients 5Financials as of H1 2024 5 Financials as of H1 2024 6ESG 6 ESG 7Private markets outlook 7 Private markets outlook
Slide 53: The new 'traditional' asset class: financing the economy
Private markets outlook 53 The new 'traditional' asset class: financing the economy Public and private markets have swapped roles as IPOs have shifted away from the real economy 800 85% Transition into new IPO era IPOs as strategic corporate Private markets drive the broader Traditional development
Slide 54: The new 'traditional' asset class: investors' considerations
Private markets outlook 54 The new 'traditional' asset class: investors' considerations As private markets overtake public markets, the private markets investor landscape will significantly develop and transform industry DNA Private markets capital formation has outpaced Private markets at the 1'200
Slide 55: What truly shapes the private markets investment paradigm?
Private markets outlook 55 What truly shapes the private markets investment paradigm in the 'brave new world'? Recalibration of the macroeconomy? Geopolitics-driven de-globalization? US Inflation and Interbank Rates Over Time1 Geopolitical tensions and increasing What could break under higher-for- p
Slide 56: Is the recalibration of the macroeconomy a game-changer?
Private markets outlook 56 Is the recalibration of the macroeconomy a game-changer? Private markets grow and deliver strong returns across macroeconomic cycles Private Equity Fundraising, USD tn1 Higher financing costs and lower debt availability impact returns… 1'000 25.0% Debt level in the capital
Slide 57: Is geopolitics-driven de-globalization a game-changer?
Private markets outlook 57 Is geopolitics-driven de-globalization a game-changer? World trade has remained quite resilient as Globalization embarked on a profound transformation Global Exports of Goods & Services, USD tn1 30 27 Globalization Isn’t Dead. But It’s Changing. Multinational companies sti
Slide 58: Are labor and demographic dynamics a game-changer?
Private markets outlook 58 Are labor and demographic dynamics a game-changer? Productivity has become the key driver of global growth Employment Contribution (USD tn)1 Over the past two decades, productivity growth Trend is expected to Productivity Contribution (USD tn)1 has become a more than a 2x
Slide 59: Is the next generation of technology a game-changer?
Private markets outlook 59 Is the next generation of technology a game-changer? There are an unusually broad range of perspectives on the potential impact of the new generation of technology AI pioneer says its threat to world Many top business leaders are seriously worried How A.I. can help create
Slide 60: The only constant is the acceleration of change
Private markets outlook 60 The only constant is the ACCELERATION of change! While it seems widely accepted that the only constant in the economy is change… Constant Transformation Is the Embracing Change as a Constant Embracing The One Constant In New Normal In today’s digitized and interconnected B
Slide 61: Digitization 1.0: digital integration of the global economy
Private markets outlook 61 Digitization 1.0: digital integration of the global economy over the last 25 years Democratization of Digital Connectivity Institutionalization of Computation Power Access to internet, personal computers, smartphones ... …based on server / device-based computation & storag
Slide 62: Digitization 2.0: self-learning autonomy in the global economy
Private markets outlook 62 Digitization 2.0: self-learning autonomy in the global economy in the coming 10-15 years Democratization of Artificial Intelligence Institutionalization of Cloud-Based Computation-aaS Access to deep learning, neural networks, reinforcement learning … …based on distributed
Slide 63: Business process transformation
Private markets outlook 63 Business process transformation AI adoption is here. Organizations are no longer asking whether to add AI capabilities, but Co-pilots and intelligent systems will materially support performance of tasks and processes how they plan to use it August 2023 Personalized co-pilo
Slide 64: Business performance transformation
Private markets outlook 64 Business performance transformation Generative AI, experts assess that technology could achieve human-level performance in some A new generation of systems will provide for the full automation of entire tasks and jobs technical capabilities sooner than previously thought J
Slide 65: Business innovation transformation
Private markets outlook 65 Business innovation transformation Generative AI poses fundamental disruption to Novel scientific methods driving faster innovation will drive radical shifts in business models and the traditional innovation cycle, […] enabling a further transform profit pools rate of chan
Slide 66: Recalling digitization 1.0: major changes across industries
Private markets outlook 66 Recalling digitization 1.0: major changes across industries Democratization of Digital Connectivity Institutionalization of Computation Power Access to internet, personal computers, smartphones ... …based on server / device-based computation & storage, faster CPUs etc. Ind
Slide 67: Recalling digitization 1.0: shifting profit pools
Private markets outlook 67 Recalling digitization 1.0: shifting profit pools Shifting profit pools in the music industry Shifting profit pools in the advertising industry 30 Music Sales by Medium, USD bn1 Share of Global Advertising Spend2 100% 20 75% 50% 10 25% 0% 1998 2000 2002 2004 2006 2008 2010
Slide 68: Recalling digitization 1.0: reshuffling winners and losers
Private markets outlook 68 Recalling digitization 1.0: reshuffling winners & losers Shifting profit pools in the last 25 years led to a major redistribution of winners and losers across the economy Top 10 most valuable companies in the S&P 500 in 1998 vs. 20231 Top 10 1998 Top 10 2023 The redistribu
Slide 69: The impact of the next transformation of the economy
Private markets outlook 69 The impact of the next transformation of the economy All [PG's] mega-themes are impacted by the next transformation of the economy Private Equity Infrastructure and Real Estate Goods & Products Distribution Industrial Food Value Chain Social Infrastructure Public Last Mile
Slide 70: Transformational investing in a transforming economy
Private markets outlook 70 Transformational investing in a transforming economy Over the past 25 years, typical private markets investments would experience ~20% of the total transformation of the economy, requiring an intentional approach to value creation to generate outsized returns Sept Apr Jan
Slide 71: Private markets AuM hypothesis
Private markets outlook 71 Private markets AuM hypothesis Asset Class Breakdown Today1 Investor Demand Over Cycle1 Investment Opportunity At End of Cycle1 Private Equity Private Equity Current Private ~ USD 10 tn AuM ~ USD 15 tn Markets Aum ~ USD 15-20 tn Investment Opportunity Private Infrastructur
Slide 72: Private equity investment opportunity
Private markets outlook 72 Private equity investment opportunity ~ USD 15-20 tn Private Equity investment opportunity ...<5 bn companies increasingly looking to private driven by… ownership … Private Equity AuM, USD tn1 Number of IPOs2 15% ~ 7.5% More Companies Are Going Private Than CAGR CAGR 15-20
Slide 73: Investment opportunity in private infrastructure
Private markets outlook 73 Investment opportunity in private infrastructure ~ USD 4-8 tn Private Infrastructure investment opportunity …the increased need for social infrastructure… driven by… Private Infrastructure AuM, USD tn1 Private markets can play a key role in Post-pandemic, government balanc
Slide 74: Investment opportunity in private real estate
Private markets outlook 74 Investment opportunity in private real estate ~ USD 3-5 tn Private Real Estate investment opportunity ...the workforce transformation... driven by… 1 Private Real Estate AuM, USD tn Private capital needed to transform assets disrupted by work-from-home trends 10% 7-10% U.S
Slide 75: Investment opportunity in private credit
Private markets outlook 75 Investment opportunity in private credit ~ USD 4-8 tn Private Credit investment opportunity driven …shifting structural trends in banking… by… Private Credit AUM, USD tn1 High interest rates, driven by the Unlike most bank loans, private Federal Reserve’s higher-for- credi
Slide 76: Synergetic coexistence between private and public markets
Private markets outlook 76 Synergetic coexistence between private and public markets Public and private markets are becoming increasingly complementary and synergetic Private equity will take on many corporate Private markets are financing the creation Private markets are leading the largest real or
Slide 77: Conclusion
Private markets outlook 77 Conclusion 1 Private markets continue to outgrow 2 The game changer is the next public markets in the Brave New transformation of the economy in World the next 10 to 15 years 3 Transformational investing is 4 Successful private market paramount when the only constant inves
Slide 78: Contacts
78 Contacts Unternehmer-Park 3 Philip Sauer Head Corporate Development T +41 41 784 66 60 6340 Baar-Zug philip.sauer@partnersgroup.com Switzerland T +41 41 784 60 00 shareholders@partnersgroup.com www.partnersgroup.com Danica Ruso Corporate Development T +41 41 784 67 67 danica.ruso@partnersgroup.co
Slide 79: Disclaimer
79 Disclaimer NEITHER THE INFORMATION IN THIS DOCUMENT NOR ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. This presentation is strictly confidential to the recipient a
Partners Group Holding — Investor Presentation (January 2025) on 6ix