Private equity investment firm Partners Group has confirmed it is in discussions with its founding partners and largest shareholders, Dr Marcel Erni, Alfred Gantner and Urs Wietlisbach, which would see them invest CHF300m ($318m) in direct investment programmes alongside the firm’s clients.
The founding partners’ investments would be funded through a potential placement of a minority portion of their total shareholdings in the company, amounting to around 1.6 million shares – representing about six per cent of the share capital.
According to Partners, the founders may also consider increasing their placement beyond their investment commitments alongside clients, but have pledged not sell more than four per cent of the firm’s total share capital each.
In combination with the development of assets under management during the past years, the growth in the firm’s direct investment activities has led to expectations of increased commitments alongside clients, according to company spokesperson Anna Hollmann.
With the firm seeking to maintain its “lean and asset-light” balance sheet, the commitment by the founders, along with further commitments expected from other senior management, is designed to address client interests while remaining consistent with the firm’s current policy with regards to balance sheet management, she said.
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