Swiss private equity conglomerate targets wealthy US advisory clients

Swiss private equity conglomerate targets wealthy US advisory clients
Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.
NOV 02, 2022

Partners Group Holdings, a Swiss private equity firm with a U.S. base in Denver, has launched a Private Wealth unit aimed at financial advisers and their affluent clients.

As a $131 billion asset manager, including $37 billion in the Private Wealth business, Partners Group isn't a newcomer to the financial intermediary market. But by establishing the new unit that gives wealthy investors access to private equity investments, Partners Group is doubling down on its commitment to the space.

“We are committed to making private markets fairer and more accessible,” said Robert Collins, co-head of Private Wealth.

Partners Group is a global company, but half of the $37 billion under management in the Private Wealth unit belongs to U.S. investors, where Collins sees growing opportunity.

Partners Group has been quietly building a footprint in the U.S. market for more than 20 years, including launching the first 40-Act private equity fund in the United States in 2009. The fund, which is limited to wealthy investors able to meet a $50,000 minimum, has grown to $12.5 billion.

“The firm was instrumental in establishing the market, is at the forefront of innovation today, and will continue to seek new solutions to expand access to private markets,” Collins said. “As we grow our business, we will continue to help financial advisers provide their clients with a deeper understanding of private markets and its applications within a diversified portfolio. With the addressable market expected to increase significantly, we are well positioned to remain at the forefront of this industry."

Collins said the expanded focus on the financial advisory space reflects the trend toward growing investment opportunities in the private markets.

“The economy has been shifting from public to private markets,” he said. “The number of public companies has decreased by half in the U.S. and we’re seeing the same trend globally.”

For perspective on the potential market of investment opportunities, Collins said 85% of U.S. companies with at least $100 million worth of revenues are private.

“The economy has been shifting from public to private,” he said. “We will be creating new products and building out our teams, because the demand is enormous, and advisers are looking to get their clients diversification into private markets.”

'IN the Nasdaq' with Jay Jacobs, US head of thematics at BlackRock

Latest News

LPL building out alts, banking services to chase wirehouse advisors, new CEO says
LPL building out alts, banking services to chase wirehouse advisors, new CEO says

New chief executive Rich Steinmeier replaced Dan Arnold on October 1.

Franklin Templeton CEO vows to "do what's right" amid record outflows
Franklin Templeton CEO vows to "do what's right" amid record outflows

The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.

For asset managers, easy experience is key to winning advisors' businesses
For asset managers, easy experience is key to winning advisors' businesses

Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.

Why retaining HNW clients ultimately comes down to one basic thing
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.