Partners Group
The latest research and outlooks in the ProAllocate library
- Private Markets
Macro Insights - Private Credit
Partners Group argues private credit fundamentals remain broadly resilient despite headlines on AI disruption, refinancing, valuations and redemptions, but AI-driven bifurcation will raise dispersion and defaults. It concludes active credit selection and manager experience will replace levered-beta strategies as the primary driver of future returns.
- Private Markets
Apex Logistics - Case Study
Partners Group's case study details its 2021-2025 minority co-investment alongside Kuehne+Nagel in Apex Logistics, crediting board-level strategy, incentive design and M&A support for lifting EBITDA over 150% before its exit at a $4bn valuation.
- Macro
Middle East Crisis: Contained Disruption, Not a Structural Shift
Partners Group argues that Middle East tensions have driven a temporary oil and gas price spike rather than a structural supply shock, leaving its macro, rates and private markets outlook unchanged. The firm sees minimal portfolio exposure and views resilient energy infrastructure and defense spending as reinforced long-term themes.
- Private Markets
Middle East Update: Volatility Persists, Portfolio Resilient
Partners Group argues that despite persistent Middle East-driven energy volatility and record supply disruption, its private equity and infrastructure portfolios have limited direct exposure, with contractual protections mitigating near-term cost pressures. It concludes the crisis reinforces core themes of energy security, efficiency and infrastructure resilience, supporting medium-term upside.
- Private Markets
2026 Mid-Year Outlook
Partners Group argues that easing oil prices and a fragile Iran ceasefire have restored near-term growth momentum, while raising its five-year 'Productivity Boom' probability as AI adoption accelerates. It sees private markets activity broadening as valuations, M&A and IPO trends favor sponsor-backed deals.
- Private Markets
Private Markets Outlook 2026
Partners Group's 2026 outlook argues markets enter the year at historic highs, requiring disciplined valuation and scenario planning amid policy support from the US, Europe and China.
- Private Markets
Private Markets Outlook: H2 2025
Partners Group argues US-China trade fragmentation and tariff volatility will widen US-Europe economic divergence near term, while longer-term US and European outlooks improve, benefiting secondaries, infrastructure and private credit.
- Undated — see publisherPrivate Markets
Accessing private markets: Evergreen funds
Partners Group outlines how evergreen fund structures offer investors immediate deployment, diversification and compounding returns, positioning them as an alternative or complement to traditional closed-end private markets vehicles.
- Undated — see publisherPrivate Markets
Unlocking Europe’s Living Opportunity
Partners Group argues Europe's residential real estate faces severe undersupply and low institutional ownership (10% vs 37% in the US), creating an opening for vertically integrated, locally executed strategies. It highlights Germany, Italy, France, UK and Spain as target markets, using case studies (Empira, OnPlace) to show operational integration boosts NOI and returns.