KKR, Blackstone Lead Private Equity Sell-Off After Partners Group Curbs Investor Withdrawals
Partners Group limited withdrawals after requests reached 9.8% of its $8.6 billion fund, sending peers including KKR and Blackstone lower.
- On Wednesday, Zurich-listed Partners Group plunged to a 52-week low after capping redemptions on its $8.6 billion Global Value SICAV fund at 5% of net asset value, following investor requests reaching 9.8%.
- The firm's so-called 'evergreen' private equity vehicle represents about 4.8% of Partners Group's total asset base; this restriction mirrors measures taken by several private equity outfits in recent months to halt or limit investor withdrawals.
- Shares of sector peers tumbled Wednesday in response, with KKR, Blackstone Inc., Carlyle Group, Blue Owl Capital, and Ares Management all recording significant declines during premarket trading.
- Partners Group CEO David Layton told Bloomberg that redemption pressure seen in private credit is now spreading into other asset classes, intensifying market concerns about private valuations.
- Growing liquidity concerns persist as investors rush for the exits, reflecting the vulnerability of private equity vehicles amid prolonged valuation uncertainty across the sector.
24 Articles
24 Articles
KKR, Blackstone lead private equity sell-off after Partners Group curbs investor withdrawals
Shares of major US alternative asset managers are tumbling after Partners Group capped investor withdrawals from a flagship private equity fund, reigniting broader market anxieties over private asset valuations...
Partners Group investors are getting nervous and are planning to withdraw billions from private equity funds. Partners Group shares are falling sharply on the Swiss stock exchange – shares of competitors are also under pressure.
Partners Group suffers surge in withdrawal requests and braces to cap more funds
Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from wealthy investors, raising concerns the Swiss firm would have to cap withdrawals, a day after doing so on a major European fund. Redemption requests at its $16bn private equity master fund reached roughly six per cent of its net asset value, the firm said on Thursday, breaching the five per cent threshold that enables it to restrict withdrawals.…
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