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Deal Pack: Partners Group

Generated Feb 2, 2026v202602020738Enterprise
AUM
$150B
Strategy
Real Estate
HQ
Zug, Switzerland, Switzerland
Founded
1996
Employees
N/A
Ownership
public

Layer 1: Proprietary Indicators

53
GP Health Score
Moderate
66
Stakeability
Moderate
42
Fund Performance
Weak
80
Talent Stability
Strong
25
Credit Exposure
Weak
100
Regulatory Breadth
Strong
45
Market Momentum
Weak
40
Growth Trajectory
Weak

Health Score Breakdown

PerformanceTalentCreditRegulatoryMarketGrowth

Component Details

fund performance
42/100Weight: 25%
median irr11.9
benchmark irr14
fund count with irr6
primary strategyPrivate Equity
Source: Pension fund performance reports
talent stability
80/100Weight: 20%
current team size100
departed count0
retention ratio1
avg tenure yearsN/A
Source: LinkedIn career histories, team member records
credit health
25/100Weight: 15%
total fair value9827543
total par15535339
fair value to par pct63.3
top borrower concentration pct46.5
Source: BDC 10-K/10-Q portfolio filings (SEC)
regulatory compliance
100/100Weight: 10%
unique jurisdictions5
jurisdictionsFrance,Germany,Luxembourg,UAE,UK
active registrations28
total registrations35
Source: FCA, BaFin, AMF, CSSF, ADGM, SEC, entity registrations
market presence
45/100Weight: 15%
news mentions3
conference appearances0
domain rank243392
employer ratingN/A
Source: Market intel, conference records, Tranco web rankings, Glassdoor
growth trajectory
40/100Weight: 15%
aum growth pctN/A
recent job postings0
funds currently raising0
total funds16
Source: Data changelog (AUM), hiring signals, fund filings

Layer 2: Synthesis

Executive Summary

  • Partners Group shows a moderate overall health profile (score: 53/100) based on analysis of fund performance, team stability, credit exposure, regulatory breadth, market presence, and growth trajectory.
  • Median net IRR across 6 tracked funds is 11.9%, compared to a Private Equity benchmark of 14.0%.
  • Registered across 5 jurisdictions with 28 active registrations.

Key Risks

mediumCredit

Credit health concerns: FV/Par at 63.3%

Key Strengths

Regulatory

Diversified regulatory footprint across 5 jurisdictions

Stakeability

High stakeability score (66/100) indicating attractive stake opportunity

Secondary Pricing Estimate

88.2%
Avg NAV Pricing
61.0% to 90.5%
Range
30
Funds Priced
Confidence: high, low

Peer ComparisonReal Estate | 20 peers in AUM range

FirmAUMStakeability
Partners Group (this GP)$150B66
Carlyle Group$420B59
Ares Management$400B61
EQT$285B70
SAI Atlas Asset Management SA$277B31
TPG$220B55
SEI Investments$198B43
DIC Asset$142B42
Bluestone Real Estate Management$135B27
Broadstone Real Estate$135B37
iCapital Advisors$131B27

Layer 3: Evidence

Fund Performance (50 records)

FundVintageStrategyNet IRRMultipleDPISource
VI-Co-Invest I, L.P.2025gp_searchN/AN/AN/ASEC EDGAR Form D
GP 2025-2026 Real Assets Strategies, a series of Gresham Real Assets Strategies, L.P.2025Real AssetsN/AN/AN/ASEC EDGAR Form D
BCP Great Lakes II - Series B Holdings LP2025Venture CapitalN/AN/AN/ASEC EDGAR Form D
SWS Alternative Investment Fund V Series B2024Venture CapitalN/AN/AN/ASEC EDGAR Form D
NRC Private Equity Opportunities III, L.P.2024Private EquityN/AN/AN/ASEC EDGAR Form D
NRC Private Equity Opportunities III, L.P.2024Private EquityN/AN/AN/ASEC EDGAR Form D
IEP VI EXECUTIVE FUND, L.P.2023gp_searchN/AN/AN/ASEC EDGAR Form D
GCP Secondaries I-B, LP2023SecondariesN/AN/AN/ASEC EDGAR Form D
Fir Tree Digital Asset Opportunities Fund (Cayman), LP2023Digital AssetsN/AN/AN/ASEC EDGAR Form D
Fir Tree Digital Asset Opportunities Fund, LP2023Digital AssetsN/AN/AN/ASEC EDGAR Form D
A-CO-INVEST I, L.P.2023gp_searchN/AN/AN/ASEC EDGAR Form D
OPUS PRIVATE EQUITY OPPORTUNITY FUND LLC2023Fund of FundsN/AN/AN/ASEC EDGAR Form D
IEP VI EXECUTIVE FUND, L.P.2023gp_searchN/AN/AN/ASEC EDGAR Form D
TPG PARTNERS IX, L.P.2023N/AN/AN/AN/ACalifornia Public Employees' Retirement System
OPUS PRIVATE EQUITY OPPORTUNITY FUND LLC2023Fund of FundsN/AN/AN/ASEC EDGAR Form D
GCP Secondaries Offshore I-B, LP2023SecondariesN/AN/AN/ASEC EDGAR Form D
GCM US Partnership Opportunities, L.P.2022Infrastructure18.4%1.18x0.17Pennsylvania PSERS
GP Global Venture Capital China 2023-2024 Series, a series of GP Global Venture Capital, L.P.2022Venture CapitalN/AN/AN/ASEC EDGAR Form D
IEP ASCENT EXECUTIVE FUND, L.P.2022gp_searchN/AN/AN/ASEC EDGAR Form D
True Crypto Fund, LLC2021Digital AssetsN/AN/AN/ASEC EDGAR Form D

BDC Credit Exposure (20 borrowers)

BorrowerFair ValueParBDCsBDC Names
Buckeye Partners, L.P.$4.6M$4.6M1Saratoga Investment Corp
PHYSICIAN PARTNERS, LLC$3.4M$7.2M1Saratoga Investment Corp
PHYSICIAN PARTNERS, LLC (c)$1.7M$3.7M1Saratoga Investment Corp
Gabriel Partners, LLC$59K$61K1MidCap Financial Investment Corp
ACCELERATION PARTNERS$20K$121Capital Southwest Corp
PARS Group LLC$17K$17K1MidCap Financial Investment Corp
Grid Alliance Partners, LLC$15KN/A1Blackstone Secured Lending Fund
Renovo Home Partners$6K$19K1MidCap Financial Investment Corp
Darcy Partners (18)(19)$3K$3K1Bain Capital Specialty Finance Inc
Icon Partners V C, LP$1KN/A1PennantPark Investment Corp
Urology Partners Co, LP$1KN/A1PennantPark Investment Corp
Darcy Partners (14)(19)(25)$989$7181Bain Capital Specialty Finance Inc
Darcy Partners (3)(15)(19)$140$1401Bain Capital Specialty Finance Inc
PSC Group$21$251FS KKR Capital Corp
RWA Wealth Partners, LLC.$2N/A1Crescent Capital BDC Inc
Unifeye Vision Partners$1N/A1Crescent Capital BDC Inc
Great Lakes Dental Partners, LLC$1N/A1Crescent Capital BDC Inc
Balance Partners$1N/A1Crescent Capital BDC Inc
Balance Partners (4)(5)$0N/A1Crescent Capital BDC Inc
ZRG Partners, LLCN/AN/A1Main Street Capital Corp

Regulatory Registrations (35)

RegulatorCountryEntityStatusReference
FCAUKPartners Group (EU) GmbHNo longer authorised847063
FCAUKCT Partners Group LtdNo longer registered959353
FCAUKGOLF PARTNERS GROUP LTDNo longer registered946315
BaFinGermanyPartners Group (EU) GmbHActiveESMA-37599
BaFinGermanyPartners Group (EU) GmbHActiveESMA-36391
BaFinGermanyPartners Group (EU) GmbHActiveESMA-51314
AMFFranceEMZ PARTNERSActive607
AMFFrancePARTECH PARTNERSActive9474
AMFFranceOSAE PARTNERSActive26796
CSSFLuxembourgPARTNERS GROUP (LUXEMBOURG) S.A.ActiveESMA-AIF-35932
CSSFLuxembourgPARTNERS GROUP (LUXEMBOURG) S.A.ActiveESMA-AIF-34819
CSSFLuxembourgMASSENA PARTNERSActiveESMA-AIF-14411
ADGM/FSRAUAEPartners Group (ADGM) LimitedActiveRA-0014
ADGM/FSRAUAEGQG Partners LtdActive240015
ADGM/FSRAUAEMENA GROWTH PARTNERS LTDActive210046
france_rcsFranceKKR GROUP PARTNERSHIP LPActive912942307
france_rcsFranceCVC CAPITAL PARTNERS SAClosed390520427
france_rcsFranceEQT PARTNERS SASActive853928984
france_rcsFranceINSIGHT PARTNERSActive791169402
france_rcsFranceINSIGHT PARTNERSActive898629399
france_rcsFranceALTAIR INSIGHT PARTNERSActive989785936
france_rcsFranceINSIGHT OUT PARTNERSClosed831499546
france_rcsFranceVIN TERRA PARTNERS INCActive480901008
france_rcsFranceCINVEN PARTNERS LLPActive440604999
france_rcsFranceBC PARTNERSActive478013113
france_rcsFranceBC PARTNERSActive994759629
france_rcsFranceSCI BC&C PARTNERSActive920897030
france_rcsFranceBC PARTNERActive899750830
france_rcsFranceBC & PARTNERSActive532790342
france_rcsFranceSCI BC PARTNERSActive539146423
france_rcsFranceBC PARTNERS LIMITEDActive425095353
france_rcsFranceSCI BC PARTNERS IIActive853021426
france_rcsFranceBC PARTNERClosed534750534
france_rcsFranceB.C. PARTNERS.Closed344578653
france_rcsFranceYAD PARTNERSActive988826822

Methodology

Weighted composite of 6 dimensions

fund performance: 25% - Median IRR vs strategy benchmark
talent stability: 20% - Team retention ratio + average tenure
credit health: 15% - BDC fair value as % of par + borrower concentration
regulatory compliance: 10% - Number of active registrations, legal filing count
market presence: 15% - News mentions + conference appearances + web traffic rank
growth trajectory: 15% - AUM change + hiring signals + new fund filings
Scale: 0-100, where 70+ is strong, 50-69 is moderate, below 50 is weak
Data Sources: SEC Form ADV filings, Pension fund performance reports (CalPERS, CalSTRS, WSIB, etc.), BDC 10-K/10-Q portfolio filings, FCA, BaFin, AMF, CSSF, ADGM, MAS, SFC regulatory registers, LinkedIn career histories, Market intelligence news aggregation, Conference appearance records, Tranco web traffic rankings, Glassdoor/employer rating platforms, Entity registration databases (Delaware, Cayman, Luxembourg, etc.), Hiring signal aggregation, Lobbying disclosure reports, ESG/PRI signatory data

Deal Pack generated by GP Stakes Intelligence Platform on Feb 2, 2026. Data version 202602020738.

All scores are computed algorithmically and should be used alongside independent due diligence.

Deal Pack: Partners Group | GP Stakes