Partners Group's Shares Jump After Strong Results, Pulled-Forward Guidance

By Andrea Figueras

Shares in Partners Group rose after the company reported better-than-expected earnings and pulled forward its performance-fee targets by a year.

The Swiss private-equity company posted a 17% increase in earnings before interest, taxes, depreciation and amortization for the first six months to 733 million Swiss francs ($915.8 million), with a margin of nearly 63%. The overall result was above consensus estimates, while the margin came in line with expectations, Jefferies analysts wrote in a note to clients.

Revenue rose 20% on year to 1.17 billion francs, helped by a 94% surge in performance fees, which also drove the 14% increase in net profit to 578 million francs.

Partners Group confirmed its outlook for new client demand at between $22 billion and $27 billion.

Meanwhile, the company pulled forward its 2026 performance-fee guidance by a year. It now expects performance fees to comprise between 25% and 40% of revenue this year, up from a range of 20% to 30% previously.

Shares climbed 4.1% to 1,141 francs in European morning trading.

"Looking ahead, we have a robust pipeline of investments and of mature, high-quality assets ready for realization," partner and Chief Executive David Layton said.

This bodes well for the second half and is likely also a reflection of an improved transaction environment, Vontobel analyst Andreas Venditti said in a note to clients.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

September 02, 2025 04:36 ET (08:36 GMT)