Edison Issues Report on Partners Group Private Equity

On June 17, 2025, Edison Investment Research Limited published a new report focusing on Partners Group Private Equity (PEY). The report highlights significant developments within PEY's portfolio, particularly the increase in NAV total return to 11.4% in FY24. This performance was strengthened by the exit strategy involving sales of assets like SRS Distribution to Home Depot, alongside three IPOs and robust performance from companies like International Schools Partnerships and DiversiTech.

Despite this progress, PEY experienced a 6.5% NAV decline in early 2025, attributed mainly to foreign exchange rates and a downturn in listed holdings, notably affecting KinderCare Learning Companies. To enhance shareholder value, PEY’s board has introduced a new capital allocation framework, including dividends and share buybacks from free cash flow. The board also renegotiated its management fee structure and expanded shareholder engagement.