Partners : Download H1 2022 AuM presentation

14 JULY 2022

Business update H1 2022 & outlook H2 2022

David Layton, CEO | Philip Sauer, Head of Corporate Development | Sarah Brewer, Global Co-Head Client Solutions

BUSINESS UPDATE H1 2022 & OUTLOOK H2 2022

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Well positioned to navigate the changing environment

Resilient H1 client demand

USD 13 billion in new commitments

across program offering

Sustained AuM growth

AuM grew to USD 131 billion in H1 confirming long-term growth towards private markets

2022 client demand confirmed

Full-year 2022 guidance confirmed at

USD 22-26 billion

Clients Investments

USD 13 billion thematically invested

Thematic sourcing underpins our quality pipeline of assets with greater resilience despite market volatility

Strong operational performance

Transformational investing and entrepreneurial governance drove our operational performance

Select exits postponed; sound pipeline

Several exits tabled for H1 2022 postponed; H1 performance fees expected to materialize at 5-10% of total H1 revenues

Source: Partners Group (2022).

For illustrative purposes only. Past performance is not indicative of future results.

BUSINESS UPDATE H1 2022 & OUTLOOK H2 2022

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Table of contents

1 Investments & outlook

2 AuM development H1 2022

3 AuM outlook 2022

INVESTMENTS & OUTLOOK

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Drivers of outperformance across our portfolio

Thematic investing

Entrepreneurship at scale

Build thematic depth and

Thematic sourcing to develop

Leverage global platform for

Make the board the center of

specialization across

investment hypothesis years in

the benefit of our portfolio

vision, strategy, and

subsectors

advance

assets

accountability

Leverage deep network		Compounding		Systematic strategy		Apply capabilities of our
of experts and advisors to		long-term winners for longer,		setting and value creation		network of (lead) operating
develop thematic thesis		for the benefit of our clients		plans		directors

For illustrative purposes only. Source: Partners Group (2022).

INVESTMENTS & OUTLOOK

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USD113 billion invested into attractive thematic opportunities

Partners Group's private markets investments (in USD billion)

31.7

	21.7			H2
		17.0
13.6	H2	H2			13.4
H2		10.3
		H2
			H1		H1
H1	H1	H1	H1
2017	2018	2019	2020	2021	H1 20221

	Prim.
Portfolio		Sec.
	13%
assets	SecPrim. .	USD	Equity	Direct
38%	17%	Equity	assets
		13 billion 43%	62%
	BSL
	Debt
	8%
		Debt
		19%

Europe

43%

USD	North
13 billion	America
Asia-Pacific/	53%
Rest of World
4%

Over USD 30 billion2 of dry powder available

1 USD 3.1 billion invested in direct equity investments, USD 1.4 billion in direct real estate investments, USD 1.3 billion in direct infrastructure and USD 2.5 billion in direct debt investments. Figures include add-on investments but exclude syndication partner investments. Direct equity investments include all direct private equity, direct infrastructure and direct real estate investments (including direct secondary transactions where Partners Group has a controlling interest). Private debt investments include direct lending investments ("direct debt") as well as assets raised in the liquid loans business ("BSL") during the period, which includes collateralized loan obligations and net inflows into dedicated liquid loan investment vehicles. USD 1.7 billion invested in secondaries, USD 2.3 billion invested in primaries and USD 1.1 billion in BSL. Past performance is not indicative of future results. 2 Excluding ongoing 2022 fundraising Source: Partners Group (2022).