Key Takeaways
- • Partners Group is proposing to split its EUR6.6bn Global Value SICAV into two separate portfolios.
- • The split would separate older investments from newer holdings, which the manager believes offer stronger growth prospects.
- • Redemption requests reached an estimated 9.8% in the second quarter, and the fund has responded with a 5% quarterly redemption limit.
Summary
Partners Group is proposing to divide its EUR6.6bn Global Value SICAV into two portfolios. The restructuring would separate the fund's older investments from its newer holdings, which the firm believes offer stronger growth prospects. The move is framed as a response to investor liquidity demands.
Redemption requests reached an estimated 9.8% of the fund in the second quarter. In response, the fund has imposed a 5% quarterly redemption limit. The available source material does not provide further detail on the mechanics of the proposed split, the timing of implementation, or how redeeming investors would be treated under the two-portfolio structure.
Redemption requests reached an estimated 9.8% of the fund in the second quarter. In response, the fund has imposed a 5% quarterly redemption limit. The available source material does not provide further detail on the mechanics of the proposed split, the timing of implementation, or how redeeming investors would be treated under the two-portfolio structure.
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