Partners Group (PGHN) investor relations material

Opening remarks and agenda

• Leadership highlighted record $16 billion in new assets for H1 2026, with strong demand across asset classes and a diversified platform supporting resilience in a mixed market environment.

• The agenda included updates on fundraising, investments, portfolio performance, and key business challenges.

Record fundraising and client demand

• Achieved USD 16 billion in new client commitments in H1 2026, raising total AuM to USD 186 billion as of 30 June 2026.

• Bespoke solutions contributed 52% of new assets, with mandates and evergreens each at 26%.

• Evergreen strategies saw USD 4.2 billion in inflows, with net flows modestly positive after USD 3.8 billion in redemptions.

• Strong client demand driven by a diversified platform and successful expansion in Asia and the Middle East.

Guidance on key objectives

• Full-year 2026 new asset guidance set at USD 26–32 billion, reflecting continued fundraising momentum.

• Tail-downs expected at USD 10–13 billion, with redemptions anticipated to slow net AUM growth by 1–2% over the next 18 months.

• Performance income for 2026 expected at the lower end of the 25–40% revenue range, with H2 weighted for performance fees.

• Substantial exit pipeline planned for 2026–2028, following significant realizations at the end of 2025.