16th Mar 2026 10:57
(Alliance News) - Partners Group Private Equity Ltd on Monday reported a decreased portfolio value, noting that its exposure to the software industry "remains deliberately underweight".
The Guernsey-based private equity investor, which is managed by Swiss investment firm Partners Group Holding AG, said its net asset value decreased 2.4% on-month to EUR867.4 million, or EUR12.69 per share, as of January 31.
Shares in Partners Group Private Equity were down 2.1% at EUR9.30 on Monday morning in London.
PGPE said the decline was driven by the revaluation of listed holdings, like dermatology firm Galderma and Indian retailer Vishal Mega Mart, although it said both companies otherwise delivered good operational performances. It noted that energy infrastructure inspection firm Rosen Group, meanwhile, was a positive contributor thanks to its "consistent financial performance and continued progress on operational transformation".
Overall, the value of PGPE's portfolio decreased by 1.6%, which "weighed on NAV" along with negative 0.6% currency movements.
Also during January, PGPE said it invested EUR3.2 million in a "leading manufacturer of submetering devices" for European submetering service providers.
"Software exposure in PGPE Ltd's portfolio remains deliberately underweight relative to the broader industry, reflecting the investment manager's disciplined focus on selective business models that combine resilience with attractive long‑term economics," PGPE added.
Noting "recent volatility across the sector", the firm said it maintains a conservative allocation of less than 10% to software.
As for the "sharp escalation" this month in the Middle East, PGPE said its portfolio "has negligible exposure to the region". Its investment manager "does not expect the situation to have a material direct impact on the portfolio at this stage," but "will continue to monitor developments closely."
Partners Group Private Equity will announce its 2025 results on Monday, March 23.
By Emma Curzon, Alliance News reporter
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