Partners Group has lifted its assets under management to $185 billion, adding $30 billion in new capital last year. The firm defied a broader slowdown in private markets fundraising, with client demand reaching $26.2 billion. Bespoke solutions drove 72% of the capital raised, while evergreen funds also saw strong uptake from institutional and wealth clients.

The Swiss firm invested $27 billion globally across private equity, credit, infrastructure, real estate, and royalties. It generated $26 billion in realizations, a 47% jump from the prior year. Exits were concentrated in pre-2022 vintages, transacted at modest premiums. CEO David Layton pointed to double-digit growth across fundraising, investments, and realizations in a tough market.

Looking ahead, Partners Group expects $26 billion to $32 billion in gross new client demand for 2026. The forecast is backed by joint ventures with financial giants like Deutsche Bank, PGIM, Generali Investments, and BBVA Asset Management. The results show how large, diversified managers with evergreen and bespoke strategies are capturing market share as capital grows more selective.