Partners Group has updated its strategy to become an umbrella fund with two sub-portfolios, designed to offer investors greater flexibility in how they allocate money to private equity over time. This change is part of the evolution of its established private equity evergreen strategy, Global Value SICAV, and comes as a response to the broadening preferences of investors. Both portfolios will be managed by the same team, as highlighted in a press release.
Global Value SICAV boasts a 19-year track record and has multiplied invested capital by 4.5 times since its inception, the asset manager emphasized. As the industry grows, institutional and private banking investors are increasingly seeking greater flexibility to allocate capital more dynamically across private markets. In response to this market growth, the firm has launched two sub-portfolios, which will represent a compounding fund and a distributing fund. These vehicles will offer investors the option to monetize returns across the portfolio and will be built from different vintages.
The company offers its investors the possibility to maintain the current Global Value SICAV strategy, convert shares from the distributing fund to the compounding fund, or redeem shares in one or both sub-portfolios. As explained, the fund is optimized for the arrival of new investors and will manage capital more efficiently.
Regarding the evolution of the program, the next step will be to launch an umbrella fund, which is subject to shareholder approval. The firm’s update aligns with the assets under management forecasts communicated during Partners Group’s first-half updates in July and September 2026.
“Our proposal to segment Global Value SICAV into two tailored portfolio profiles prepares one of the most successful private equity evergreen strategies to continue accumulating returns in the future. We are simplifying portfolio construction and management, allowing investors to align capital with their liquidity needs and return objectives without compromises. The long-term exposure offered by the compounding fund has already sparked interest from new institutional investors,” stated Roberto Cagnati, Partner and future Co-CEO of Partners Group, in the press release.
