Full Year 2023 Partners Group Holding AG Assets Under Management Call Transcript

Jan 11, 2024 / 05:15PM GMT
David Layton - Partners Group Holding AG - Partner, CEO & Global Executive Board Member

Welcome to the Partners Group's business update and outlook call. My name is Dave Layton. I'm the CEO of the firm. Also on today's call are Sarah Brewer, our Global Co-Head of Client Solutions; and Philip Sauer, Head of Corporate Development.

Let's start off the call today on Slide 3 with a big picture overview. On our last call, I mentioned that we expected to see an uptick in activity levels in the second half of the year. And indeed, client demand during H2 was up 27% versus H1, and our investment activity was up 22% in H2 versus H1. However, transaction activity remained slow throughout the year and markets did not recover as quickly as perhaps we had expected at one point in time. From a fundraising perspective, we raised $18.2 billion during the year. We're pleased to be a firm that continues to have our services stand out. We're a firm that's differentiated.

Mandates continue to be a strong segment for us. We had a record number of mandates won, and that was a key driver for us to be able

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