Partners Group will cut quarterly redemption limits from 5% to 2.5% of investors’ net assets in its €6.6bn European fund, according to an investor letter seen by the FT. The move aims to conserve cash and avoid forced sales of illiquid assets amid surging redemption requests. The Swiss firm, managing $186bn, also disclosed that investors in its $15bn US retail fund more than doubled withdrawals in Q3.
Clients could face up to two years with lower limits, and the firm’s shares have dropped a third this year. Partners is restructuring its flagship European fund, splitting it into older and newer asset pools, though it denies earlier reports that limits would be reduced. The change follows pressure from investors seeking to exit after middling performance and competition from larger US rivals like Blackstone and KKR.
Source: Financial Times Companies · Summarized by HeadlinesBriefing