The Swiss asset management giant is basing its ambitions on private market growth forecasts of up to 30-40 trillion
On 12 March, Wednesday, Zurich-listed Partners Group said it aims to manage assets worth 450 billion US Dollars by 2033. The company made such an announcement during the Swiss Stock Exchange Capital Markets Day (press release and investors presentation). In 2024, the firm’s AuM amounted to 152 billion (147 billion in 2023) (press release).
Partners Group set such a bullish target as it expects private markets to grow from their current 15 trillion size to 30 trillion and above in the next decade. Private Assets, Defined Contribution Pensions and Insurance Capital could fuel the asset class growth.
Partners Group plans to grow its private equity assets under management to over 200 billion; Private credit up to 70 billion; infrastructure to 100 billion; real estate to 50 billion; and finally, the innovative asset class of royalties (music, film and TV, pharmaceuticals) could reach 30 billion (see here the press release on the recent launch of an evergreen fund dedicated to institutional clients and the imminent launch of a similar fund dedicated to wealth management clients).
Steffen Meister, the executive chairman of Partners Group, said: “After the start-up and institutionalisation phases of investment in private markets, the industry has entered its next cycle, where democratisation of access and industry consolidation will be the key drivers of allocations. At the same time, we are witnessing an accelerating transformation of the economy due to rapid technological advances. This changing environment favours larger asset managers like Partners Group, who have the scale to be consolidators in a fragmented market and the resources to take an active approach to asset ownership. Our transformational approach to investing, with its focus on thematic sourcing, cross-sector collaboration and entrepreneurial governance, positions us well to capture future investment opportunities in private markets.”
David Layton, ceo of Partners Group, added: “In preparation for the current private markets cycle, we shifted our focus from products to portfolio solutions. We believe that new customer segments will look to private markets companies for tailored solutions that meet their individual needs. Partners Group is a global leader in providing portfolio solutions at scale and has a track record of innovation. We already have the highest AuM in the industry in tailored solutions, but our goal is to become the market leader in providing portfolio solutions for all client segments. Doing so, we aim to generate attractive returns not only for our investors, but also for our shareholders.”
