Partners Group grows 20% in H1(2)

Swiss-based Partners Group has revealed that its assets under management grew by about a fifth during the first half of the year, although this is likely to slow to 10 percent in the second half.

Swiss-based alternative asset manager Partners Group grew its buyout and venture capital assets under management to CHF14.3 billion ($11.8 billion, €86. billion), up CHF 2.9 billion, in the first half of 2007, according to figures published by the firm.

The asset manager also has CHF1.8 billion in private debt, CHF1.6 billion in listed strategies, CHF3.4 billion in hedge funds, and CHF1.0 billion in its wealth management practice. This equates to total funds under management of CHF22 billion, an increase of CHF4.7 billion or just under a fifth in the last year. 
 
The firm said it expected continued inflow of assets and further mandates in the second half of the year, although its growth is expected to be more moderate. A company spokesman said growth over the whole year is likely to be around CHF 7 billion. It is therefore very unlikely that Partners Group will equal last year’s spectacular growth rate of 59 percent. 
 
The company has also completed the acquisition of the real estate asset management arm of Pension Consulting Alliance, which was agreed in February 2007. The team of Pension Consulting Alliance has been operating out of the firm’s San Francisco office for the last two months and is set to release three private real estate products in the second half of the year.
 
Partners Group publishes its financial figures for the first half of 2007 on 27 August.