Partners Group Private Equity (LSE: PGPE)

Last close As at 01/11/2024

EUR10.30

0.15 (1.48%)

Market capitalisation

EUR702m

Partners Group Private Equity (previously Princess Private Equity Holding) is an investment holding company domiciled in Guernsey that invests in private equity and has a minor private debt position. Its portfolio consists mostly of direct investments but may also include primary and secondary fund investments. It aims to provide shareholders with long-term capital growth and an attractive dividend yield.

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Equity Analyst

Milosz Papst

Milosz Papst

Head of Content, Investment Trusts

Key Management

  • Andreea Mateescu

    IRO

  • Dr Cyrill Wipfli

    Investment manager representative

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (4.7) (8.6) 4.6
Relative (3.0) (5.3) (6.6)
52 week high/low €11.6/€9.8

Overview

Partners Group Private Equity received a strong €103.7m in realisation proceeds in H124 (c 11% of opening NAV). Proceeds of €70.2m came from the successful sale of SRS Distribution to Home Depot at a more than 30% uplift to the previous carrying value (contributing to Partners Group Private Equity’s 4.1% NAV total return in H124), which resulted in a healthy gross multiple on invested capital (MOIC) of over 5x since its investment in this business in 2018. There are a number of exit candidates in the company’s portfolio, with 29% of its current investments by value held at a gross total value to paid-in capital multiple of more than 2.0x.

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