PartnersGroup

Interim Report 2018

Key figures

1,088
professionals
+23
EUR
67.1
billion
assets under management
EUR
6.2
billion
new assets raised
USD
7.7
billion
invested
+16
chf
484
million
management fees
+19
chf
175
million
performance fees
+17
chf
437
million
EBITDA
+10
chf
394
million
profit

Message from the Chairman and the Co-CEOs

We have had a successful start to the year: clients entrusted us with EUR 6.2 billion in new commitments in H1 2018, with demand well-diversified across regions. Despite a challenging investment environment, we were able to invest a total of USD 7.7 billion on behalf of our clients in geographies and industry sectors that exhibit favorable relative value haracteristics and in private markets assets that offered us attractive value creation opportunities.

Message from the Chairman and the Co-CEOs
Co-CEOs
Christoph Rubeli
Co-Chief Executive Officer
Steffen Meister
Executive Chairman
André Frei
Co-Chief Executive Officer

H1 2018 at a glance

Investments

Record levels of dry powder combined with increasing competition persisted in H1 2018, keeping valuations at elevated levels across all private markets asset classes. In this challenging market environment, we continued to take a highly disciplined and prudent approach to investment and were able to lead a significant number of transactions.

Investments

Clients

We see a broad cross-section of client types seeking to further build out their exposure to private markets. In H1 2018, our client demand was spread across more than two dozen individual programs and mandates, with many of our more sizable clients requesting the creation of bespoke private markets portfolios, either through single or multi-asset class mandates.

Clients

Total assets under management

(in EUR bn)
See breakdown

Total assets under management

Financials

Structural industry dynamics, combined with our stable margins and balance sheet-light approach to business, translated into attractive financial returns for our shareholders.
In H1 2018, revenues rose to CHF 659 million, attributable to an increase in revenues from management fees and solid performance fee development. EBITDA increased in line with revenues by 17% year-on-year to CHF 437 million. Profit increased by 10% year-on-year to CHF 394 million.

Financial report Financial statements