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.
22 Articles
22 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...
The asset manager Partners Group must limit the withdrawals of investors willing to sell. This has triggered a cascade of panic reactions. On the stock market billions are evaporated.The asset manager Partners Group must limit the withdrawals of investors willing to sell. This has triggered a cascade of panic reactions. On the stock market billions are evaporated. Limitless growth with private market investments was yesterday: Partners Group's n…
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Zurich-listed Partners Group plunged 16% after reports that it had capped investor withdrawals from its flagship $8.6bn Global Value open-ended private equity fund. Shares in US private equity groups such as KKR and Blackstone also fell as the move stoked fears over private market valuations. Partners Group Private Equity (PEY), the £623m London-listed investment company fell over 2%, although as a closed-end fund it is not directly affected by …
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