Partners Group grew to €46 billion in total assets under management (AUM) by the end of 2015, representing a 22 percent year-over-year increase on 2014’s total AUM of €37.6 billion, according to a statement from the investment manager.
The firm attributed the growth to strong gross client demand totaling €8.4 billion, as well as the strengthening of the US dollar against the euro. Indeed, foreign exchange effects accounted for a €1.8 billion increase, as 36 percent of Partners’ AUM is USD-denominated. Another €600 million came from the performance of certain investment vehicles, which Partners did not name in the release.
Partners also disclosed that it invested a total of $9.7 billion on behalf of its clients in 2015. A total of $5.6 billion was deployed in direct transactions, of which $3 billion was invested in 26 assets across private equity, private real estate and private infrastructure, while $2.6 billion was invested in 28 credits.
The firm also invested a total of $2.2 billion in the secondaries market globally in diversified private markets portfolios. Although the secondaries team screened $125 billion in private market assets, they only invested in less than 2 percent of those opportunities.
The breakdown of total AUM as of December 31 included: €27 billion in private equity, €8 billion in real estate, €6 billion in private debt and €5 billion in private infrastructure.
In December, the firm launched its first offering for defined contribution pension plans targeting the US and plans to roll out products for the UK and Australian markets structured to cater to these type of pension schemes' need for more liquid investments, as reported by Private Equity International.