Partners Group Private Equity Opportunities
Managed by Partners Group
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Partners Group Private Equity Opportunities
Key Statistics
Fund Size
€293M
Target Return
11.1%
Annualized Return
16.9%
Launch Year
2024
Min. Investment
€10,000
Availability
Open through selected distributors
Structure
Part II SICAV sub-fund (ELTIF 2.0)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.95%
Carry
15% performance fee above a high-water mark, no hurdle, calculated and paid monthly
High Water Mark
Yes
ISIN
LU2716887091
Currencies
USD, EUR, CHF
Investor Eligibility
Retail
Liquidity Options
Quarterly redemptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
4 out of 7
Annual Returns (KID Scenarios)
Stressed
-6.6%
Moderate
8.6%
Favorable
11.1%
Average Total Cost Level (KID)
5.5%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Historical Performance
Performance Summary
Class I (USD) ACC — Performance from 2024-03-31 to 2026-07-31
NAV: 1439.8
Performance Comparison
MTD
0.2%
Year to Date
6.1%
1-Year Return
14.9%
Annualized Since Inception
16.9%
Monthly Total Returns
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.3% | 0.9% | 1.1% | 1.2% | 0.8% | 0.5% | 0.2% | — | — | — | — | — | 6.1% |
| 2025 | 0.8% | 2.9% | 1.1% | -1.5% | 1.4% | 2.3% | 0.8% | 1.2% | 2.8% | 0.7% | 0.5% | 2.9% | 16.9% |
| 2024 | — | — | — | 1.7% | 1.3% | 2.7% | 0.6% | 1.6% | 0.2% | 2.4% | 2.7% | 1.9% | 16.1% |
Class PR (EUR) Hedged ACC — Performance from 2025-01-31 to 2026-07-31
NAV: 1186.64
Performance Comparison
MTD
0.0%
Year to Date
5.4%
Annualized Since Inception
12.1%
Information about fund
Private Equity Opportunities at a Glance
Partners Group Private Equity Opportunities is Partners Group's evergreen private-equity ELTIF. It is a sub-fund of Partners Group Private Markets Evergreen SICAV, a Luxembourg Part II fund, and was launched on 31 March 2024. It invests mainly in private companies directly, with secondaries and a small share of primary fund commitments. At 31 July 2026 it held 76 portfolio companies with a NAV of USD 293 million, about two-thirds in Europe. Shares are fully paid in from EUR or USD 10,000, subscriptions are monthly and redemptions quarterly, with net redemptions normally capped at 5% of NAV a quarter.
Key Figures
Fund NAV
USD 293M
31 July 2026; 76 portfolio companies
Return 2025
16.9%
Class I USD, net; retail PR EUR hedged 12.6%
Since Inception
16.9% p.a.
Class I USD, 31 Mar 2024 to 31 Jul 2026, net
Minimum
EUR/USD 10,000
Fully paid in; USD 1M for institutional Class I
Management Fee
1.95%
Retail PR class; plus 15% performance fee over high-water mark
Risk Indicator
4 / 7
KID 7 July 2026; recommended holding period 5 years
Terms & Liquidity
| Legal Structure | Sub-fund of Partners Group Private Markets Evergreen SICAV (Luxembourg Part II UCI, SA); ELTIF authorised by the CSSF on 26 Jan 2024; 100-year term |
| Manager | AIFM Partners Group (Luxembourg) S.A.; portfolio manager Partners Group AG, Baar; depositary Northern Trust Global Services SE |
| Strategy | Mainly direct private equity plus secondaries and primaries; at 31 Jul 2026 direct 76%, secondary 20%, primary 4%; Europe 66%, North America 24% |
| Subscriptions | Monthly at NAV, 25 business days' notice; fully paid in, no capital calls; subscription fee up to 5% |
| Redemptions | Quarterly, 65 business days' notice; net redemptions generally limited to 5% of NAV per quarter; gates, deferral, suspension and in-kind payment possible |
| Fees | Management fee 1.95% (PR) or 1.50% (I, PC) on NAV plus undrawn commitments; 15% performance fee over high-water mark, no hurdle; KID ongoing costs 3.0% (PR) |
| Share Classes / ISIN | I USD LU2716886440; I EUR hedged LU2716886366; PR EUR hedged LU2716887091; PC EUR hedged LU2716886796; SE EUR hedged LU2922618454 |
| Distribution | Retail and professional investors in 27 EEA countries including the Netherlands (ESMA register); Germany professional and semi-professional investors only; SFDR Article 8 |
Points to weigh. The track record is short, starting in March 2024, and the strong numbers for Class I USD (16.9% in 2025) come from valuations of unlisted companies, which move more smoothly than market prices; the reported 3.5% volatility understates the real risk, as the KID itself notes. Euro investors in the hedged PR class earned less: 12.6% in 2025. Costs are high: 1.95% management fee charged on NAV plus undrawn commitments, a 15% performance fee with no hurdle, up to 5% on entry and a prospectus total cost ratio of 4.55% a year for the PR class. Liquidity is limited to a net 5% of NAV per quarter with 65 business days' notice, and the fund can gate, defer or suspend redemptions or charge up to 5% on exit. The portfolio is concentrated, with the top six positions at about 32% of NAV, and Europe is at 66% against a prospectus range of 10% to 50%. The USD 10-14% annual net return is a manager target from a 2025 teaser, not a forecast.
Deepdive & Related Funds
Other Partners Group Funds
Partners Group Global Value
Partners Group Global Value SICAV is an open-ended fund that provides an attractive opportunity to invest on a monthly basis in a well-diversified private equity portfolio across geographies, financing stages and investment types. The Fund pursues a relative value investment strategy, the goal of which is to systematically identify and invest in private equity investments that its Investment Manager, Partners Group, believes are particularly attractive at a given point in time based on its global scale, broad market overview, insight and strong deal flow. With an established track record of more than 17 years, the Fund proved that its private markets portfolio outperforms public markets equities in the long term.
Partners Group Private Loans
The Partners Group Private Loans S.A., SICAV-SIF - SUB-FUND I is an alternative investment fund (AIF) focused on private debt investments. It primarily invests in senior secured and subordinated loans, as well as other debt instruments, aiming to generate risk-adjusted returns over the medium to long term. The fund is structured as an evergreen investment with no fixed maturity date. It offers limited liquidity, with redemptions subject to specific conditions and restrictions. The investment carries a medium-high risk level, meaning its value may fluctuate significantly based on market conditions, and there is no guarantee of capital protection or returns. The fund is designed for institutional and professional investors with a long-term investment horizon and a high-risk tolerance. Retail investors must meet specific eligibility criteria and demonstrate experience in private markets. Costs associated with the fund include ongoing management and transaction fees, along with potential performance-based fees. Investors should be aware of potential currency risks and market volatility.
Comparable Funds
Amundi Private Markets ELTIF
Amundi Private Markets ELTIF (“Amundi Prima”) is an evergreen Luxembourg ELTIF launched in November 2024 by Europe’s largest asset manager, run by Amundi Alpha Associates. It allocates flexibly across private equity, private debt and infrastructure in Europe’s real economy (energy transition, digital, social and territorial projects). €1,000 minimum, monthly subscriptions, quarterly redemptions capped at 5% of NAV, SFDR Article 8, KID risk 5/7. Fund size and returns are not yet published.
Apollo Global Private Markets ELTIF
Apollo Global Private Markets ELTIF (AGPM) is a perpetual, semi-liquid ELTIF 2.0 sub-fund of the Luxembourg-domiciled Apollo Private Markets SICAV. AGPM focuses on long-term capital growth by investing in the equity of established private companies globally, via secondaries and co-investments sourced across the Apollo platform, with quarterly redemption windows for investors.
BlackRock Private Equity Fund (BPE)
The BlackRock Private Equity Fund (BPE) is an evergreen ELTIF managed by BlackRock Private Equity Partners, giving European wealth investors a global private equity portfolio of direct co-investments alongside third-party sponsors plus secondaries, focused on buyout and growth deals. The fund offers monthly subscriptions from EUR 10,000, and quarterly redemptions are limited to 5% of NAV.
Bridgepoint Generations
Bridgepoint Generations is Bridgepoint’s first private-wealth product: a Luxembourg open-ended evergreen fund launched in 2025 with platform S64, giving direct exposure to middle-market private equity alongside Bridgepoint’s funds and to infrastructure alongside ECP, plus co-investments and secondaries. Fully funded at launch and expected to hold 80–100 companies when fully invested; size, fees and redemption terms are not published.
Brookfield Private Equity Fund (BPE SICAV)
Brookfield Private Equity Fund (BPE SICAV) is a Luxembourg Part II sub-fund that allows non-US investors to invest in the evergreen private equity strategy of Brookfield, i.e. control and structured investments in industrial and business services companies. BPE SICAV has 14 holdings with a NAV of US$854m (end July 2026). Monthly subscriptions and quarterly redemptions up to 5% of NAV are possible. The minimum subscription amount is EUR 25,000.
Carlyle Private Equity Partners Fund EU (CPEP EU)
Carlyle Private Equity Partners Fund EU (CPEP EU) is an evergreen Luxembourg Part II SICAV sub-fund. The fund invests in private equity, alongside Carlyle’s global private equity funds, mainly undertaking corporate buyouts in US, European and Asian markets. As at 31 July 2026 the fund had a Net Asset Value of USD 381.7m investing in 31 portfolio companies. The fund offers monthly subscriptions with quarterly redemptions up to 3% of the fund’s NAV and has a minimum investment of USD 25,000 (or EUR 100,000 in the Netherlands).
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