Partners Group Holding AG (0QOQ) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Interim Financial Results 2023 Conference Call and Life Webcast. I am Sandra, the course call operator. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to David Layton, Chief Executive Officer. Please go ahead, sir. Thank you very much, and welcome to our Interim Financial Results Call for 2023 Webcast. It's a pleasure to be with you all. It's great to be back in London live where we have a number of our important stakeholders and shareholders that can be with us in the room here. And welcome also to all of you who are joining us over the phone. I'm the Chief Executive Officer, David Layton. I'll be doing today's update with Philip Sauer, who is our Head of Corporate Development and our Chief Financial Officer at Interim. Maybe starting off with a couple of big picture messages. I think this is an environment where it is absolutely essential to drive alpha and to drive differentiated results. And we believe that our transformational investing strategies are key to the success that we'll be able to drive in the future. We're a business who's carved out a nice niche for ourselves within the bespoke solutions segment of the market. This has provided continued differentiated growth for us and a continued point of differentiation for our investors. And we saw 68% of total funds raised coming from these bespoke solutions strategies. We continue to confirm the guidance that we had provided of total fundraising between $17 and $22 per year and believe that we're on a solid trajectory. We've had good financial performance during the period, revenues up 19%. earnings up 13%. Performance fees were obviously an important element of that story. And this is a period of time in which ...