The asset manager from Zug presents first-class sales figures. This has to do with the circumstances of the pandemic and cannot be continued like this.
Partners Group shareholders can look forward to exceptional earnings figures for 2021.
Partners Group continues to deliver exceptional results with impressive consistency. In the past year, the asset manager of private market investments benefited from two factors: on the one hand, the demand for alternative investments such as private equity, private infrastructure and private debt with return potential remained consistently high, on the other hand, business volume that had backed up in the Corona year 2020 was made up for.
Consistently high growth
The Zug-based financial services provider received new capital commitments of over $25 billion from investors in 2021. Total assets under management were $127 billion at the end of the year, up 17 percent year over year. For the current year, the financial services provider assumes a net inflow of funds of 22 to 26 billion dollars.
The Partners Group made investments worth 32 billion dollars (previous year 10 billion) for its own customers. Assets were sold to almost the same extent (29.1 billion) – almost three times more than in the previous year. In the second half of the year, the speed of sales increased again significantly, in the first half the sales amounted to 10.5 billion dollars.
Profits are also record high
Shareholders can look forward to extraordinary profit figures for 2021. Revenue had already increased eightfold in the third quarter. The performance fees were primarily responsible for this. With an investment, these usually only occur after a few years, when a commitment achieves previously defined returns. This fee also benefits from catching up on activities that had to be postponed in 2020 due to the outbreak of the Covid pandemic. The other profit factor, the management fee, grows as part of the assets under management.
Partners Group’s share price is currently moving independently of business results. Since the beginning of the year, the securities have fallen from around 1,500 to 1,388 francs. Rising inflation and a foreseeable hike in key interest rates have led to a rotation away from highly valued growth stocks such as Partners Group towards cheaper value stocks in the past few days. In the past year, the securities of the asset manager have increased by more than 45 percent.