Steffen Meister Executive Chairman | David Layton Chief Executive Officer | Hans Ploos van Amstel Chief Financial Officer
Luv Parikh Co-Head Private Infrastructure Asia | Esther Peiner Co-Head Private Infrastructure Europe
For Institutional Use Only - Not for Public Distribution
2
Partners Group Global Client Annual General Meeting 2023
14 - 17 March 2023
Vienna
ANNUAL RESULTS 2022
3
How we deliver sustainable growth
Industry
Business
Financials
Steffen Meister
David Layton
Hans Ploos
Transformational
Outperformance
Business
investing builds
drives sustainable
growth drives solid
resilience
AuM growth
set of financials
Source: Partners Group (2023).
ANNUAL RESULTS 2022
4
Public and private markets are changing roles in financing the economy…
Traditional
•
Public Markets
Profitable with earnings history
IPOs as strategic corporate development
• Mature and proven companies
•
All industry sectors
Risk /
Strategy
Private Markets
Opportunistic
Opportunistic, event-driven strategies
(primarily LBOs)
• Often 'household' names
• Only consumer and industrial
• Value derived from leverage (>90%1)
Private Markets
Long-term, driving the broader economy
Focus on profitable companies and assets
All industry and real asset sectors
Longer-termoriented, lower leverage
Public Markets IPOs dominated by 'hype' assets
Often unprofitable companies
Exit path for VC and growth capital
Rewarding speculative growth
1980
Timeline
Present
For illustrative purposes only. 1 As % of total capital in buy-outs. Source: The Economist (2022).
ANNUAL RESULTS 2022
5
…and are dividing between those backing 'Spotlight' vs. 'Foundational' businesses
Spotlight:Focused on delivery of end-customer branded/IP services and products, high public awareness, often less human and capital intensive
Network effects
Informatics
'Spotlight' Brand
'Foundational' Infrastructure
Critical processes
Resources
R&D
Manufacturing
Supply chain
Foundational:Creation of services and products, providing critical infrastructure and installations, often more human or capital intensive
Example: Modern Food Value Chain
Public
Food DeliveryMarkets
IPO
Territory
Agriculture
Food Processing
Restaurant
Private
Markets
Financing
Water Infr.
Packaging
Ind. Automation Green Label Chem.
Territory
For illustrative purposes only. Source: Private Markets Navigator, Partners Group (2023).
Attachments
Original Link
Original Document
Permalink
Disclaimer
Partners Group Holding AG published this content on 21 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2023 06:30:01 UTC.
Partners Group Holding AG specializes in private markets investment management. At the end of 2022, the group had USD 135.4 billion of assets under management broken down by assets class as follows:
- private equity (53%);
- private debt (20%);
- private infrastructure (15%);
- private real estate (12%).
Income is distributed geographically as follows: Switzerland (2.3%), Luxembourg (36.9%), Guernsey (33.5%), the United States (15.7%) and other (11.6%).
PARTNERS GROUP HOLDING AG 
