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Private Equity Weekly: Golden Goose Deal, Partners Group AUM

Private Equity Insights •
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Goldman Sachs, JPMorgan, and UBS are arranging €800m-€900m debt to finance HSG's acquisition of Italian sneaker brand Golden Goose Group. The financing, likely via high-yield bonds and floating-rate notes, targets global investors, including Asian funds seeking European luxury exposure. Launch is expected by the end of the first quarter.

Partners Group defied a private markets slowdown, adding $30bn in new assets in 2025. Its assets under management rose to $185bn, with client demand hitting $26.2bn. Bespoke solutions drove 72% of fundraising, while evergreen funds also saw strong institutional and wealth client uptake.

Apheon Management closed its sixth flagship fund at a €1.25bn hard cap, underscoring investor appetite for mid-market buyouts despite a slower fundraising climate. The Apheon MidCap Buyout VI fund will total €1.3bn with a team commitment, attracting both new and existing LPs across Europe, the Americas, Asia, and the Middle East.