Partners Group warns of further fund withdrawal caps as redemption surge spreads to private equity
By
Hugh Leask
Lightly browned and well buttered. A solid pick from the rack.
Summary
Partners Group, a Swiss private markets firm, warned it may restrict investor withdrawals across more of its funds after capping redemptions at 5% in its Global Value SICAV vehicle when exit requests hit 9.8%. The company indicated that the surge in client withdrawals that disrupted private credit markets is now spilling into private equity, causing a sell-off in private equity stocks.
Key quotes
· 3 pulledPartners Group is prepared to restrict investor withdrawals across more of its funds
the spike in client withdrawals that upended private credit markets this year now appears to be spilling over into the private equity space
Partners Group said it was halting withdrawals from its Global Value SICAV vehicle at 5%, after redemption requests hit 9.8%
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