Partners Group has built a private markets platform around client solutions rather than fund sales. About 37% of its assets under management sit in bespoke mandates for large institutions. A further 30% is in semiliquid evergreen funds for wealthy and smaller investors. For both groups, the firm spans private equity, credit, real estate, infrastructure, and royalties.
As a pioneer and market leader in providing individual investors access to private markets, Partners Group is well placed to benefit from the market opening up to individual investors.
Higher interest rates have ended the golden age of private equity. Future fund returns will be lower, leading to lower carried interest and disappointed clients demanding lower future management fees.
|
Metric
|
PGHN
|
KKR
|
CVC
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.90 | 16.44 | 19.66 |
Price/Book Value | 10.47 | 2.87 | 8.44 |
Price/Sales | 6.25 | 4.13 | 6.63 |
Price/Cash Flow | 11.28 | 4,754.81 | 18.42 |
|
Metric
|
PGHN
|
KKR
|
CVC
|
|---|---|---|---|
Quick Ratio | 0.77 | 3.91 | 1.98 |
Current Ratio | 1.06 | 3.92 | 1.98 |
Interest Coverage | 30.54 | 2.18 | 21.13 |
|
Metric
|
PGHN
|
KKR
|
CVC
|
|---|---|---|---|
Return on Assets (Normalized) | 20.70% | 1.25% | 17.28% |
Return on Equity (Normalized) | 72.91% | 18.24% | 61.42% |
Return on Invested Capital (Normalized) | 29.19% | 2.99% | 22.96% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States