Key Stats
Assets Under Management: $174 billion USD
Global Offices: 20 locations worldwide
Employees: Approximately 2,000 professionals
Market Capitalization: $32.14 billion USD
Annual Revenue (2024): $2.23 billion USD
Partners Group is an independent private markets investment company headquartered in Baar, Switzerland. The firm provides investment solutions to institutional investors, sovereign wealth funds, family offices, and private investors across the globe.
Partners Group operates through five business segments: private equity, private infrastructure, private real estate, private debt, and liquid private markets. The company manages customized portfolios and funds across these asset classes.
With operations spanning North America, Europe, Asia, and Australia, Partners Group ranks among the largest firms in the global private markets industry. The company became a constituent of the Swiss Market Index in 2020, recognizing its position as one of Switzerland’s 20 largest publicly listed companies.
Partners Group History
1996
Marcel Erni, Alfred Gantner, and Urs Wietlisbach founded Partners Group in Zug, Switzerland. The three former Goldman Sachs colleagues launched the firm with equal contributions to build a different kind of private markets investment manager.
1997
Partners Group launched its first fund, a $150 million small and midcap fund focused on investments in German-speaking Europe.
1998
The firm completed a $265 million secondary transaction involving Royal Dutch Shell’s U.S. pension fund private equity portfolio. This was the largest secondary transaction recorded at the time.
2001
Partners Group pioneered evergreen funds in private markets, developing open-ended investment structures that would later become industry standard.
2004-2005
The firm expanded internationally with office openings in Singapore and London. By 2005, Partners Group had grown to $6 billion in assets under management.
2006
Partners Group Holding AG completed its initial public offering on the SIX Swiss Exchange. The listing was 17 times oversubscribed.
2017
Partners Group launched the first European Long Term Investment Fund (ELTIF), continuing its innovation in private market access for investors.
2018
The firm launched PG LIFE, a dedicated impact-at-scale investment strategy focused on sustainable and responsible investing.
2019
Partners Group opened its 129,400-square-foot North American headquarters in Broomfield, Colorado, marking significant expansion in the U.S. market.
2020
Partners Group entered the Swiss Market Index as one of Switzerland’s 20 largest stocks. The firm also formed a cooperation with UBS for private market solutions.
2025
Partners Group completed the acquisition of Empira Group and announced plans to triple assets under management to $450 billion by 2033.
Partners Group Co-founders
Dr. Marcel Erni
Co-Founder and executive member of the Board of Directors. Previously served as Chief Investment Officer until 2017. Holds a PhD in finance from University of St. Gallen and MBA from University of Chicago Booth School of Business.
Alfred Gantner
Co-Founder and member of the Board of Directors. Served as CEO from 1996 to 2005 and Chairman from 2005 to 2014. Holds an MBA from Brigham Young University. Also serves as Chairman of Breitling SA.
Urs Wietlisbach
Co-Founder and executive member of the Board of Directors. Chairman of the Client Oversight Committee. Also serves as Chairman of Blue Earth Capital AG. Holds a master’s degree from University of St. Gallen.
Partners Group Revenue
Partners Group generated revenue of $2.23 billion in 2024, reflecting steady growth in management fees and performance fees. The company maintains a revenue margin above 1.5% on assets under management.
Revenue growth has been driven by increasing assets under management and strong investment performance across private market asset classes.
Partners Group Marketcap
Partners Group has a market capitalization of approximately $32.14 billion USD, ranking as the world’s 742nd most valuable company. The firm is the fifth most valuable publicly listed private markets firm globally.
Market capitalization has grown significantly since the 2006 IPO, reflecting the company’s expansion in assets under management and investor confidence in its business model.
Partners Group Acquisitions
Partners Group has pursued strategic acquisitions to strengthen its investment capabilities and expand market presence. The firm focuses on acquiring specialized investment platforms that complement its existing operations.
In January 2025, Partners Group completed the acquisition of Empira Group, a Switzerland-based real estate investment manager with a portfolio valued at approximately EUR 14 billion. This acquisition enhanced Partners Group’s position in residential real estate and added real estate credit capabilities to its offerings. Empira continues to operate under its existing brand as part of Partners Group.
The Empira acquisition followed investments in Citivale, a UK logistics real estate developer, in February 2024, and Trinity Investments, a US hospitality real estate investor, in April 2024. These deals reflect Partners Group’s strategy to build vertical depth in high-conviction sectors.
Earlier acquisitions include EdgeCore, a Colorado-based data center operator acquired in November 2022 for $1.2 billion. Partners Group has invested over $4 billion in data centers globally since 2021, capitalizing on growing demand from artificial intelligence and cloud computing.
In 2025, Partners Group announced the acquisition of GreenSquareDC, an Australian data center company, with investments of up to AUD 1.2 billion. The firm also acquired Middle River Power in California for $2.2 billion and sold its stake in Greenlink for EUR 1 billion.
Notable portfolio company exits include the sale of Techem to TPG and GIC at an enterprise value of EUR 6.7 billion, one of Europe’s largest buyout exits. Partners Group also successfully listed Vishal Mega Mart on Indian stock exchanges in December 2024, marking one of India’s largest private equity deals that year.
Partners Group Competitors
Partners Group competes with global private equity and alternative asset management firms across multiple investment strategies. The private markets industry has seen significant consolidation and growth as institutional investors increase allocations to alternative investments.
Major competitors like Blackstone and KKR operate on larger scales but pursue similar strategies in private equity, real estate, and infrastructure investments.
| Company | Headquarters | AUM (Approx.) | Primary Focus |
|---|---|---|---|
| Blackstone | New York, USA | $1 trillion+ | Private equity, real estate, credit |
| KKR | New York, USA | $550 billion | Private equity, infrastructure, credit |
| Apollo Global Management | New York, USA | $600 billion | Credit, private equity, real assets |
| The Carlyle Group | Washington D.C., USA | $400 billion+ | Private equity, credit, real assets |
| EQT | Stockholm, Sweden | $130 billion+ | Private equity, infrastructure, real estate |
| TPG | San Francisco, USA | $160 billion | Private equity, growth, impact investing |
| Thoma Bravo | Chicago, USA | $130 billion+ | Software and technology |
| Ares Management | Los Angeles, USA | $400 billion+ | Credit, private equity, real estate |
| Hamilton Lane | Philadelphia, USA | $120 billion+ | Private markets solutions |
| Insight Partners | New York, USA | $80 billion+ | Software and growth equity |
FAQs
What does Partners Group do?
Partners Group is a global private markets investment manager based in Switzerland. The firm invests in private equity, private debt, infrastructure, and real estate on behalf of institutional and private investors worldwide.
Who founded Partners Group?
Marcel Erni, Alfred Gantner, and Urs Wietlisbach founded Partners Group in 1996. All three previously worked together at Goldman Sachs in Zurich before starting their own investment firm.
Where is Partners Group headquartered?
Partners Group is headquartered in Baar, Switzerland. The company operates 20 offices globally across North America, Europe, Asia, and Australia, with its North American headquarters in Colorado.
How much does Partners Group manage?
Partners Group manages approximately $174 billion in assets under management. The firm aims to triple this figure to $450 billion by 2033 through organic growth and strategic acquisitions.
Is Partners Group publicly traded?
Yes, Partners Group Holding AG has traded on the SIX Swiss Exchange since its 2006 initial public offering. The company joined the Swiss Market Index in 2020 as one of Switzerland’s 20 largest stocks.
