Tuesday, March 28, 2023

Partners Group increases assets under management

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financial service providers

Partners Group grows assets under management to $135 billion

Partners Group continued to attract new money and increase assets under management over the past year. However, the asset manager, who is otherwise used to success, did not quite meet the expectations of the analysts.

Partners Group attracts new money again in 2022 (stock image)

The so-called capital commitments from customers amounted to 22 billion US dollars in 2022 – after 25 billion in the previous year, as the Zug asset manager announced on Thursday evening. The new money was at the lower end of the company’s forecast of 22 to 26 billion.

The company’s assets under management reached 135 billion at the end of the year after 131 billion at the end of June. Foreign currency effects had influenced this, it said. 2022 was not an easy year for Partners Group. In view of the tense markets, the company was only able to profitably sell significantly fewer holdings than in the previous year.

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