Partners Group Signals Further Fund Gating as Evergreen Withdrawal Pressure Spreads
5 Articles
5 Articles
The holding company seemed to be immune to the influx of demand for repayments from open investment funds, known as "evergreen." And the stock market was surprised, even if it concerns only a small part of the assets of the Brutal group, but short. The fall of 16.5% of the registered Partners Group title on Wednesday stopped as it came. On Thursday, the title went up from the opening, rising by almost 5% at the highest of the afternoon, to finis…
Partners Group has published an update on its own business performance in light of yesterday's price slip and reports on cash outflows from some Evergreen funds.
Partners Group signals further fund gating as evergreen withdrawal pressure spreads
Partners Group has indicated it is prepared to impose additional liquidity restrictions across its evergreen fund platform as investor redemption requests rise, highlighting continued pressure on semi-liquid private market vehicles, according to a report by Bloomberg. The firm said withdrawal requests for a Delaware-domiciled private equity evergreen fund are expected to exceed its 5% quarterly limit, coming in at around 6% of net asset value. I…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
