Partners Group — funds, providers and filings
Managers: all tracked managers · fund search & entity graph · private market performance
Registrations
- 2026-09-22 New fund vehicle registered: Partners Group Direct Equity VI (EUR) S.C.A., SICAV-RAIF (LU) entity register
- 2026-09-22 New fund vehicle registered: Partners Group Direct Equity VI (USD) S.C.A., SICAV-RAIF (LU) entity register
- 2026-09-18 New fund vehicle registered: EDF RETRAITE LONG TERME NON COTÉ FPS (FR) entity register
- 2026-08-06 New fund vehicle registered: Partners Group Diversified ROY Opps Access S.C.Sp. (LU) entity register
- 2026-08-06 New fund vehicle registered: Partners Group Evergreen ROY Opps Access S.C.Sp. (LU) entity register
- 2026-08-06 New fund vehicle registered: Partners Group ROY UK DC Access S.C.Sp. (LU) entity register
- 2026-08-06 New fund vehicle registered: Partners Group Select ROY Opps Access S.C.Sp. (LU) entity register
- 2026-07-14 New fund vehicle registered: Sub-Fund 1 (LU) entity register
News
- 2026-10-02 An item we covered as reported by Private Equity Wire · source
- 2026-09-18 KKR overtakes Partners Group as Europe’s largest evergreen manager Private Equity Wire · source
- 2026-08-07 An item we covered as reported by Private Equity Wire · source
Events
- 2026-08-17 A fundraising step we covered as reported by AltAssets · source
- 2026-08-06 Partners Group in talks to buy Eurazeo’s Aroma-Zone AltAssets · source
- 2026-07-24 A fundraising step we covered as reported by AltAssets · source
| Total assets under management | $184.9bn † Partners Group, 2025 full-year assets under management, at the end of 2025 |
| Of that, the part reported to the US SEC as private funds | $33.3bn gross · 134 funds Form ADV, through 2024 |
† About $68.5 billion sat in bespoke mandates and $56.2 billion in evergreen programs.
Partners Group is a global private markets firm, founded in 1996 and based in Switzerland. It invests in private equity, property, debt and infrastructure. Its clients are institutions and private investors. (Partners Group)
Investor base
It serves institutions through tailored mandates and pooled funds. It is also a big name in private-markets products for wealthy investors.
Source: Partners Group, 2025 full-year results.
Asset classes
The range spans private equity, private credit, infrastructure, real estate and royalties.
Fund structure
Its funds are organised into 40 umbrella funds and 82 sub-funds.
How the funds sit under the manager and its umbrellas:
The US-reported view
The sections below draw on US regulatory filings — SEC Form ADV and Form D — and on US investors' own disclosures. They set out Partners Group's US-reported slice: the funds, service providers, domiciles and activity visible in US filings, not its worldwide business.
1. US-SEC private funds
This page reports $33.3bn of gross asset value across 134 private funds that Partners Group reports on SEC Form ADV, filings through 2024. Its firm-wide figures are in the Assets summary at the top of this page, measured on a different basis.
Worldwide, 332 registered fund vehicles are on file under its management companies, on the worldwide entity register (read 2026-10-05) — these are legal fund entities, not the share classes or products a manager markets.
| Registered fund vehicles worldwide (as at 2026-10-05) | 332 |
| Management entities on file (US filings · worldwide register) | 3 · 22 |
| Principal offices on file | Baar, Zug, Switzerland; New York, United States |
2. Service providers
PwC audits 132 of the 120 Partners Group funds that name an auditor on Form ADV Schedule D, filings through 2024 — more than any other firm. U.S. Bank administers 14 of the 22 that name an administrator, on the same filings. Relationships the filings attribute to Partners Group's own group are part of its structure, not third-party appointments, and are left out of these counts.
Across the funds that disclose each role on Schedule D — the count is funds naming that provider, of funds disclosing the role at all:
| Fund administrator | U.S. Bank (14 of 22); State Street (3 of 22); U.S. Bancorp Fund Services, LLC (2 of 22) — and 3 more |
| Auditor | PwC (132 of 120) |
| Custodian | U.S. Bank (16 of 22); State Street (2 of 22); BNY Mellon (1 of 22) — and 1 more |
| Marketer / placement | Credit Suisse (6 of 16); Morgan Stanley (3 of 16); Bank of America (2 of 16) — and 6 more |
3. Fund domiciles
56 of Partners Group's 134 SEC-reported private funds are domiciled in Guernsey, its largest single domicile on Form ADV, filings through 2024. United Kingdom is next, and the bars below give the rest in order.
4. Fund filing activity
Partners Group Private Equity Fund, LLC is the largest US raise on file for a Partners Group fund: $15.8bn sold to date, on its 2026 Form D filing. Amounts are cumulative sold-to-date figures as filed. They cover a fund's life up to that filing, not a single fundraise, and a fund that raises outside the US files nothing here.
The largest of the 4 US private-fund filings for Partners Group's funds, by amount sold to date as filed.
| Issuer | Type | Amount sold (as filed) | Filing year | Source |
|---|---|---|---|---|
| Partners Group Private Equity Fund, LLC | Private Equity Fund | $15.8bn | 2026 | filing |
| Partners Group HB Eagle, L.P. | Private Equity Fund | $70m | 2026 | filing |
| Partners Group European Direct Lending Strategy Delaware Levered (USD), L.P. | Private Equity Fund | not stated | 2026 | filing |
| Partners Group Natural State, L.P. | Private Equity Fund | not stated | 2026 | filing |
5. Management entities
Partners Group files Form ADV through 3 management entities; the largest is Partners Group AG, CRD 162791 of Baar, Zug, with 113 of the 134 funds on this page. Every figure above rolls those filers up into one business. The table below traces each of them back to the entity that filed it, so a number can be checked against its own record rather than taken on trust.
US management entities on file (3 entities — together the 134 funds above)
| Entity | SEC CRD | City | Funds of the 134 |
|---|---|---|---|
| Partners Group AG | CRD 162791 | Baar, Zug | 113 |
| Partners Group US Management Clo LLC | CRD 293856 | New York | 14 |
| Partners Group (USA) Inc. | CRD 145228 | New York | 7 |
Management entities on the worldwide register (22 entities — together the 332 registered vehicles)
| Entity | Register ID | Fund vehicles |
|---|---|---|
| Partners Group (Luxembourg) S.A. | 549300X0Z311NBYZIN43 | 195 |
| Partners Group AG | 5493002GZU0LW5CRQP36 | 54 |
| Partners Group Management VII S.à r.l. | 6367005GOLCR1DAMGT76 | 13 |
| Partners Group Management II S.à r.l. | 549300UW4PYOTVWY8321 | 12 |
| Partners Group Private Markets Credit Strategies 2 S.A. | 549300YSTXDRL7LFSW56 | 11 |
| Partners Group (USA) Inc. | 11N95XWTSFJYR6QC3B31 | 10 |
| Partners Group Cayman Management II Limited | 549300BCSLYZJ1ZPBH84 | 6 |
| Partners Group Cayman Management I Limited | 549300IRO8IZQ0QHI284 | 5 |
| Partners Group Management IV (EUR) S.à r.l. | 5493000W3U6R743P4292 | 4 |
| Partners Group (UK) Limited | 549300L0HTJZNDINJP85 | 4 |
The remaining 12 are available on request: [email protected].
6. Similar managers
Questions this page answers
What is Partners Group's AUM?
Across the group it managed $184.9 billion at the end of 2025. (Partners Group, 2025 full-year assets under management). It also reports $33.3bn of gross asset value across 134 private funds on its US SEC filings (Form ADV, through 2024).
Who audits Partners Group's funds?
PwC is named on 132 of the 120 US private funds whose filing discloses an auditor on Form ADV Schedule D (of Partners Group's 134 filed with the SEC), filings through 2024.
Who administers Partners Group's funds?
U.S. Bank is named on 14 of the 22 US private funds whose filing discloses an administrator on Form ADV Schedule D (of Partners Group's 134 filed with the SEC), filings through 2024. State Street appears on 3 of the same filings.
How many funds does Partners Group run?
Partners Group has 332 registered fund vehicles on the worldwide entity register — legal fund entities, not the share classes or products a manager markets. Separately, it reports 134 private funds to the US SEC (Form ADV, through 2024) — a different register, counted on a different basis.
Where are Partners Group's funds domiciled?
56 of the 134 funds are domiciled in Guernsey, its largest single domicile on Form ADV, filings through 2024, followed by United Kingdom with 26.
Where does Partners Group file from?
Partners Group AG, CRD 162791, its largest Form ADV filer, gives its office as Baar, Zug, Switzerland. The other filers' offices are in the entity table on this page.
Is Partners Group registered with the SEC?
Yes. Its filings run through 3 management entities, the largest being Partners Group AG, CRD 162791, with 113 of the 134 funds here.
See also: all tracked managers · fund search & entity graph.