Partners Group Holding Business Model Canvas
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Business Model Canvas — 3 core value propositions, scalable revenue & partnership sourcing
Unlock the full strategic blueprint behind Partners Group Holding’s business model with our concise Business Model Canvas—three core value propositions, scalable revenue streams, and partnership-led deal sourcing explained. Ideal for investors, consultants, and founders seeking actionable insights. Download the complete editable canvas in Word & Excel to benchmark and adapt these strategies now.
Partnerships
Deal Sourcing Partners
Third-party advisors, boutique bankers and local intermediaries surface proprietary and limited-auction opportunities, widening Partners Group’s geographic and sector reach across private equity, real estate, infrastructure and private debt; strong sourcing ties boost pipeline quality and speed to term sheet, while repeatable relationships materially improve hit rates and pricing discipline.
Operating Advisors
Operating advisors and embedded operating partners underwrite value‑creation plans and lead post‑close execution, providing functional expertise in pricing, digital, procurement and talent. By embedding in management teams they de‑risk alpha and accelerate 100‑day plans, tightening operational KPIs. Their hands‑on involvement improves exit readiness and supports measurable operational milestones.
Co-investors & Club Partners
Global institutions co-invest alongside Partners Group flagship funds to scale deals and optimize capital structures, enabling larger transactions without overconcentrating any single fund. Co-investments typically carry reduced or waived management fees and lower carry for LPs, deepening economic and governance alignment. Club deals further diversify board expertise and risk across investors.
Financing & Capital Markets Banks
Lenders and arrangers supply acquisition finance, NAV facilities, hedging and syndication, shortening deal timelines and improving certainty; Partners Group reported CHF 161bn AUM in 2024, strengthening its negotiating leverage with banks.
Capital markets partners enable recapitalizations and exits, provide syndication channels and deliver research and market color for pricing and risk management, improving exit timing and valuation capture.
- Bank finance: acquisition, NAV, hedging, syndication
- Benefits: better terms, certainty, faster execution
- Capital markets: recapitalizations, exits, market research
Legal, Tax, and Administration Providers
Specialist legal, tax and administration firms support fund formation, regulatory compliance, SPV administration and cross-border structuring, with Partners Group operating from 20 offices worldwide (2024). Quality partners reduce execution risk and compress time-to-close, while ensuring fiduciary standards, audit readiness and investor-reporting integrity. Scalable vendors enable rapid fund and vehicle launches.
- Fund formation & SPV admin
- Regulatory & cross-border structuring
- Fiduciary, audit readiness, reporting integrity
- Scalable vendors = faster launches
Integrated origination-to-exit platform: CHF 161bn, 20 offices
Third-party advisors and local intermediaries widen deal flow and improve hit rates across PE, RE, infra and private debt.
Operating partners drive post-close value creation and exit readiness, shortening hold periods and raising IRRs.
Global co-investors and lenders scale transactions and optimize capital structures, aligning economics with LPs.
Legal, tax and admin partners ensure compliant, rapid fund/SPV launches across 20 offices (2024).
| Metric | 2024 |
|---|---|
| AUM | CHF 161bn |
| Offices | 20 |
What is included in the product
Detailed Word Document
A concise Business Model Canvas for Partners Group Holding detailing nine BMC blocks—customer segments (institutional and high-net-worth clients), channels, value propositions (diversified private markets solutions, global sourcing, active ownership), revenue and cost structure (management and performance fees), key partners, activities and resources, governance, and customer relationships. Includes competitive advantages, linked SWOT insights, and practical use for investors and analysts.
Customizable Excel Spreadsheet
High-level view of Partners Group Holding’s business model with editable cells to streamline investor due diligence and align private markets strategy. Great for boardroom briefings, team collaboration, and quickly translating complex asset management structures into a digestible one-page snapshot.
Activities
Origination & Deal Screening
Origination & Deal Screening continuously sources proprietary and limited-process opportunities across private markets, targeting high-conviction deals consistent with Partners Group’s investment theses; the firm reported roughly USD 162 billion AUM in 2024, supporting deep sector coverage. Investment filters and disciplined IC workflows prioritize targets from watchlists and relationship maps, enabling rapid iteration from teaser to LOI and faster execution on prioritized deals.
Due Diligence & Underwriting
Conducts commercial, financial, operational, ESG and legal diligence across targets, leveraging sector benchmarks and 2024 risk frameworks; in 2024 Partners Group managed about CHF 171 billion in assets and executed multi-factor screens to size downside. Builds base, downside and upside cases with detailed value-creation plans and KPIs, modeling sensitivities and exit scenarios. Structures terms, covenants and governance to align incentives and protect returns, and prepares investment-committee materials with quantified risk mitigations.
Portfolio Value Creation
Execute 100-day value-creation plans focused on operational improvements and digital transformation to drive measurable EBITDA uplift across portfolios; Partners Group managed approximately EUR 164 billion AUM in 2024, enabling scale effects for platform rollouts. Track KPIs and OKRs via a centralized PMO with weekly governance and transparent dashboards. Optimize capital structures and cash conversion to prepare assets for bolt-ons, refinancings, or exits.
Fundraising & Investor Relations
Fundraising & investor relations deploy targeted market strategies to existing and new LPs across Europe, North America and APAC, leveraging Partners Group’s over USD 150 billion AUM (2024) scale to access large institutional mandates.
Teams run data rooms, DDQs and on-sites for each fundraise, supporting rapid syndication and compliance while tracking deal-level metrics and ESG diligence.
Provide transparent reporting with monthly NAV updates, performance attribution and manage co-investment allocations and client communications to optimize LP liquidity and allocation efficiency.
- Market outreach: segmented by geography and LP type
- Operational due diligence: data rooms, DDQs, on-sites
- Reporting cadence: monthly NAVs, attribution analytics
- Allocation: co-investment management and client communications
Risk, Compliance & Reporting
Partners Group maintains regulatory licenses in Switzerland, UK and the US, upholding policies across 20+ jurisdictions while managing valuation, liquidity, currency and concentration risks through quarterly stress tests and monthly risk dashboards. The firm produces audited annual financials and ESG/impact metrics aligned with PRI and TCFD, and invests continuously in cybersecurity, data governance and operational resilience.
- licenses: Switzerland, UK, US; 20+ jurisdictions
- risk controls: quarterly stress tests, monthly dashboards
- reporting: audited annual financials; PRI/TCFD ESG metrics
- operations: ongoing cybersecurity and data governance investments
Disciplined ICs, proprietary sourcing and CHF 171bn across 20+ jurisdictions
Origination, disciplined IC workflows and proprietary sourcing target high-conviction private-market deals aligned to Partners Group’s 2024 investment theses. Rigorous commercial, financial, ESG and legal diligence builds multi-scenario models and governance structures for protected returns. Portfolio teams execute 100-day value-creation plans, centralized PMO tracking and investor reporting (monthly NAVs) while maintaining licences in Switzerland, UK and US across 20+ jurisdictions.
| Metric | 2024 |
|---|---|
| AUM | CHF 171bn |
| Licences | Switzerland, UK, US |
| Jurisdictions | 20+ |
| Reporting | Monthly NAVs, audited annuals |
Full Version Awaits
Business Model Canvas
The Partners Group Holding Business Model Canvas you’re previewing is the actual deliverable, not a mockup; it’s a direct snapshot of the full document you’ll receive after purchase. On completing your order you’ll get the exact, fully editable file—ready to download, present, and use in Word and Excel.
Resources
Investment Talent
Experienced deal teams across private equity, real estate, infrastructure and private debt drive origination and execution at Partners Group, which manages over USD 150 billion in assets (2024) and operates from 20+ offices globally. Sector specialists and operating partners provide operational edge on complex value creation. Tenure, targeted training and incentive structures align teams with long-term outcomes. Global diversity improves pattern recognition and cross-border sourcing.
LP Relationships & Brand
Partners Group, founded 1996 and listed on SIX, leverages a trusted brand serving institutional LPs, SWFs, family offices and private clients, underpinning fundraising with AUM >100bn (2024). A long track record and institutional references drive high re-up rates. Ongoing thought leadership and transparent reporting bolster credibility, while deep LP relationships accelerate co-investment velocity.
Proprietary Data & Playbooks
Proprietary benchmarking datasets, a centralized pipeline CRM and standardized value-creation playbooks enable repeatable deal execution across Partners Group, founded 1996 and operating from 20+ offices worldwide. Scenario models and sector maps sharpen underwriting and pricing precision, while post-merger integration and pricing toolkits accelerate operational improvements. Data assets compound learning effects, shortening cycle times and improving hit rates.
Global Platform & Licenses
Global platform and licenses—with local entities and on-the-ground offices across 20+ locations and ~1,700 employees (2024)—enable compliant cross-border execution and rapid deployment of capital.
Time-zone coverage supports speed and client service while deep local knowledge reduces legal and cultural friction, shortening deal timelines and lowering execution risk.
Scalable infrastructure and centralized compliance allow rapid launch of new funds and strategies, preserving margin and accelerating fundraising.
- 20+ offices (2024)
- ~1,700 employees (2024)
- Local entities + multi-jurisdiction licenses
- 24/5 time-zone coverage for execution
Capital Access & Co-invest Pools
Partners Group leverages diversified funds, mandates and co-invest pools to increase deployment flexibility and, with 2024 AUM >$100bn, can underwrite larger deals with certainty that wins competitive processes; established financing partners lower weighted average cost of capital and liquidity tools (credit lines, NAV facilities) support active portfolio management.
- Diversified capital sources
- Co-invest capacity for megadeals
- Lowered cost of capital via lenders
- Liquidity tools for portfolio agility
Experienced global platform: USD 150bn+ AUM, ~1,700 employees, 20+ offices
Experienced global teams, proprietary data and a scalable platform underpin execution and fundraising; AUM USD 150bn+ (2024), ~1,700 employees and 20+ offices enable cross-border deal flow. Diversified capital sources and co-invest pools support megadeals and lower financing costs. Centralized compliance accelerates product launches.
| Metric | Value |
|---|---|
| AUM | USD 150bn+ |
| Employees | ~1,700 |
| Offices | 20+ |
| Year | 2024 |
Value Propositions
Diverse Private Markets Access
Partners Group offers single-platform access to private equity, real estate, infrastructure and private debt from a global pool managing over USD 150 billion AUM in 2024. The platform delivers diversification across asset classes, sectors and geographies, lowering portfolio volatility. Centralized selection and monitoring reduces manager and selection risk for clients. One institutional partner streamlines governance and reporting for LPs.
Alpha via Operational Value Creation
Hands-on operational levers at Partners Group drive margin expansion and organic growth rather than pure financial engineering, leveraging a global operating partner network that accelerates transformation across portfolio companies. Rigorous KPI tracking and active stewardship increase accountability and operational momentum, contributing to superior exit timing. These practices helped underpin Partners Group’s scale—about USD 168 billion AUM mid‑2024—and support premium realized IRR and MOIC versus peers.
Robust Risk Management
Structured diligence, prudent leverage and diversified portfolio construction limit downside across Partners Group’s private markets book, supporting risk-adjusted returns for an AUM base over USD 100bn (2024). Active hedging and bespoke covenant design preserve capital and liquidity under stress. Regular valuations and quarterly scenario tests boost transparency for investors. ESG integration, as a PRI signatory, reduces operational and reputational risk.
Co-investment & Customized Mandates
LPs access lower-fee co-investments and bespoke mandates that allow custom pacing, constraints and liquidity features to match policy objectives, enhancing control over exposures and total cost and deepening long-term alignment with Partners Group.
- Lower fees via co-invests
- Custom pacing & liquidity
- Policy-aligned constraints
- Greater exposure control & alignment
Global Sourcing Edge
- Proprietary sourcing: local teams
- Speed: early looks raise win rates
- Cross-border themes: market insights
- Pipeline breadth: improved selectivity
Single-platform private markets access: USD 168bn AUM - PE/RE/Infra/Debt
Partners Group provides single-platform access to private equity, real estate, infrastructure and private debt with USD 168 billion AUM (mid‑2024), delivering diversification, centralized selection and active operational value creation via a global operating partner network and PRI-aligned ESG integration, while offering lower-fee co-invests and bespoke mandates for LP alignment and control.
| Metric | 2024 |
|---|---|
| AUM | USD 168bn |
| ESG | PRI signatory |
| Products | PE, RE, Infra, Debt |
Customer Relationships
Institutional Account Management
Dedicated coverage teams across 20 offices and ~1,800 employees deliver proactive communication and tailored solutions to institutional clients. Regular portfolio reviews, tied to client objectives and performance metrics, occur quarterly or as agreed to ensure alignment. Rapid response protocols for data and compliance requests (SLAs typically within 24–72 hours) build trust. Long-cycle planning underpins renewals and multi-year re-ups.
Transparent Reporting Cadence
Quarterly letters, reported NAVs, audited statements and look-through analytics deliver clarity across Partners Group's CHF 162bn AUM (2024) and >1,000 institutional clients; performance attribution and standardized ESG metrics deepen portfolio insight. Centralized digital portals host documents, data and dashboards, and a consistent cadence reduces operational burden and reconciliation time for clients.
Co-invest & Deal Flow Access
Priority allocations deepen engagement with top LPs, with Partners Group leveraging its CHF 151.6bn AUM (2024) to offer meaningful co-invest tickets that strengthen long-term ties. Tailored briefings on live deals—delivered to over 200 strategic LPs—enhance alignment and expedite go/no-go decisions. Streamlined due diligence and execution reduce cycle times and increase satisfaction, while shared governance via joint boards fosters true partnership.
Education & Thought Leadership
Education and thought leadership at Partners Group delivers thematic papers, 120+ webinars and 30 CIO roundtables in 2024 to upskill stakeholders; insights directly inform asset allocation and pacing and help adjust exposures across private markets. Market updates contextualize performance against benchmarks and quarterly flows, while knowledge sharing strengthens long-term client relationships and retention.
- 120+ webinars (2024)
- 30 CIO roundtables (2024)
- Thematic papers tied to allocation shifts
- Quarterly market updates for performance context
Service for Private Individuals
Structured products and regulated feeder vehicles broaden access to private markets for individuals, leveraging Partners Group’s scale with USD 168.3 billion AUM at year-end 2024 to offer diversified entry points.
Dedicated investor support teams streamline onboarding and reporting, while formal suitability assessments and investor education programs ensure informed participation and regulatory compliance.
High-touch relationship management and periodic review meetings drive retention and long-term loyalty among private clients.
- structured-products
- feeder-vehicles
- onboarding-support
- suitability-education
- high-touch-service
Dedicated coverage: CHF 162bn, >1,000 clients, 120+ webinars
Dedicated coverage teams across 20 offices serve >1,000 institutional clients, linking quarterly reviews, 24–72h SLAs and long-cycle renewals to retention; priority allocations and >200 strategic LP briefings enable co-invests and joint governance. Digital portals, reported NAVs and look-through analytics across CHF 162bn AUM (2024) plus 120+ webinars and 30 CIO roundtables (2024) drive transparency and education.
| Metric | 2024 |
|---|---|
| AUM | CHF 162bn |
| Clients | >1,000 |
| Webinars | 120+ |
| CIO roundtables | 30 |
Channels
Direct Institutional Sales
Coverage teams engage CIOs, consultants and investment committees across 20+ offices to serve over 750 institutional clients and c. 170bn USD AUM (2024). Relationship-led distribution aligns bespoke private markets solutions to complex liability and return profiles. Long-cycle dialogues and repeated mandate pitching underpin conversion of strategic mandates. Onsite meetings and formal RFPs drive final selection and onboarding.
Consultant & Gatekeeper Networks
Consultants and gatekeepers drive institutional searches and approvals, with industry reports in 2024 showing that third-party advisers shape a majority of private markets allocations; Partners Group’s visibility is boosted by top-tier ratings and its 2024 reporting of roughly USD 170 billion in assets under management. High-quality databases and rapid, data-driven responses increased selection odds in 2024 RFP cycles by firms cited in industry surveys. Ongoing educational programs and collaborative case studies—highlighting realized IRRs and co-investment outcomes—have measurably strengthened credibility with consultants and LPs.
Wealth & Private Banking Platforms
Partnerships with banks and wealth managers give Partners Group direct distribution to private individuals, leveraging its >160 billion CHF AUM platform in 2024 to underwrite demand. Feeder funds and evergreen vehicles fit regulatory suitability profiles for retail-adjacent investors. Digital subscription onboarding reduced friction and KYC time in 2024, enabling scalable reach into HNW and UHNW segments.
Digital Investor Portals
Digital investor portals host secure reports, capital notices and analytics, centralising access and reducing email traffic; LP portal adoption reached 60% among institutional investors in 2024. Self-service tools cut friction and response times, while integrations with LP systems improve data quality. Portals enhance perceived professionalism and investor control.
- secure reporting
- 60% LP adoption (2024)
- faster responses
- system integrations
Events & Thought Leadership
Conferences, roundtables and webinars showcase Partners Group expertise and deal case studies, with events and earned media supporting pipeline nurturing across market cycles; Partners Group reported approximately CHF 168 billion AUM in 2024, underscoring scale and credibility that attracts prospects with thematic insights and case-study proof points.
- Events: industry conferences, 100+ annual touchpoints
- Content: deal case studies, thematic research
- Amplification: earned media boosts reach
- Pipeline: nurtures leads across cycles
Coverage teams convert mandates — USD 170bn, 750+ clients, 60% LP adoption
Coverage teams and 20+ offices serve 750+ institutional clients and c. USD 170bn AUM (2024), converting mandates via long-cycle relationships and RFPs. Consultants and gatekeepers drive allocations; top-tier ratings and data-led RFP responses improved selection odds in 2024. Digital portals (60% LP adoption) and 100+ annual events scale distribution to HNW, UHNW and institutions.
| Metric | 2024 |
|---|---|
| AUM | USD 170bn / CHF 168bn |
| Institutional clients | 750+ |
| LP portal adoption | 60% |
| Annual events | 100+ |
Customer Segments
Pension Funds & Insurance
Pension funds and insurers seek yield, diversification and liability matching, often targeting 5–15% private markets allocations in 2024 and annual return targets of roughly 5–8% to close liability gaps. They favor seasoned managers with scale, robust reporting and strict risk controls, allocating via funds and co-invests while demanding high transparency and governance.
Sovereign Wealth Funds
Sovereign wealth funds, roughly 100 globally, deploy very large tickets (eg Norway GPFG ~$1.5tn in 2024) and seek strategic, customized partnerships with Partners Group. They favor co-underwriting and direct-style exposure to secure control and upside. Deep governance and comprehensive data access are prerequisites. Their multi-decade horizons align naturally with private markets.
Endowments & Foundations
Endowments and foundations seek alpha and long-dated compounding, matching Partners Group’s focus on multi-decade private market strategies; Partners Group reported roughly USD 150 billion AUM in 2024, underscoring scale for scalable long-term solutions. They value access to niche and thematic strategies and prioritize manager edge and alignment via co-investments and GP-led structures. Often early adopters of new vehicles, large endowments drive initial demand for bespoke mandates.
Family Offices & HNW
Family offices and HNW clients seek curated opportunities and co-invests with direct exposure and control; Campden Wealth 2024 shows 64% of single-family offices increased direct/co-invest activity. They are highly fee- and liquidity-sensitive, preferring education and white-glove advisory; varying risk appetites demand bespoke pacing and allocation sequencing.
- co-invests
- fee-sensitive
- liquidity-aware
- white-glove service
- tailored pacing
Private Banking & Retail Intermediated
- Access: feeders and registered vehicles
- Client needs: simplified disclosures, periodic liquidity
- Selection driver: platform due diligence
- Scale: distribution partnerships
Institutions target 5–15% private markets; demand control co-invests and fee-sensitive direct deals
Pension funds/insurers target 5–15% private markets (2024) with return targets ~5–8% and demand scale, reporting and governance. Sovereign wealth funds (~100 globally; Norway GPFG ~$1.5tn in 2024) seek bespoke, control-oriented co-invests. Endowments and foundations value long-duration alpha; Partners Group AUM ~USD 150bn (2024). Family offices (64% raised direct/co-invests in 2024) want curated, fee-sensitive solutions.
| Segment | 2024 metric | Key need |
|---|---|---|
| Pension/Insurers | 5–15% alloc | Liability match, governance |
| SWFs | ~100; GPFG ~$1.5tn | Customized control deals |
| Endowments | —; PG AUM $150bn | Long-term alpha |
| Family offices | 64% active direct | Co-invests, bespoke |
Cost Structure
People & Incentives
Salaries, bonuses and carried interest (typically 20% carry with common 8% hurdle in private markets) form the core People & Incentives cost bucket, aligning compensation with deal and fund performance. Pay structures prioritize retention via vesting/deferral and partner economics that balance firm sustainability with LP outcomes. Global hiring and ongoing training add recurring recruitment, relocation and L&D expenses.
Deal & Diligence Expenses
Deal and diligence expenses at Partners Group include third-party consultants, legal, accounting and VDD fees, and—given the firm manages over CHF 160bn in AUM as of 2024—these costs scale with deal volume. Broken deal expenses can meaningfully compress operating margins when aborted transactions incur sunk external fees. Data subscriptions and analytical tools are essential for underwriting and represent a steady fixed cost. Travel and site visits add transaction-to-transaction variability.
Regulatory & Compliance
Regulatory & Compliance covers cross‑jurisdiction licensing, audits, filings and supervision—scaled to Partners Group’s ~170bn CHF AUM (2024)—with policies, systems and continuous testing to meet local standards; significant investments in cybersecurity and data protection (enterprise security teams, encryption, incident response) and ongoing ESG assurance and reporting (third‑party verifications and annual disclosures) drive recurring operational spend.
Technology & Data
Technology & Data costs cover portfolio systems, CRM, analytics and investor portals, backed by cloud infrastructure and enterprise security; market data, benchmarks and research subscriptions; and automation to scale operations—IDC 2024 reports automation can reduce operational costs up to 30%.
- Portfolio systems
- Cloud & security
- Market data
- Automation (−30% ops)
Office & Operations
Office & Operations covers global rent, utilities and facilities across Partners Group offices, fund administration and SPV management fees, treasury/FX and banking costs, plus marketing and distribution events; in 2024 Partners Group managed ~USD 178bn AUM, driving scale but sustaining sizable fixed office and admin overheads.
- Rent & facilities: global offices
- Fund admin & SPV fees: outsourced servicing
- Treasury/FX/banking: transaction costs
- Marketing & events: distribution support
Compensation/partner economics lead costs; automation can cut ops ~30% at CHF 160bn scale
Compensation (salaries, bonuses, ~20% carry with common 8% hurdle) and partner economics are the largest, retention‑focused cost.
Deal diligence, legal and broken‑deal fees scale with volume; Partners Group managed ~CHF 160bn AUM (2024).
Regulatory, tech/cloud, data and global office/administration create significant fixed and recurring spend; automation can cut ops ~30%.
| Cost line | Key drivers | 2024 metric |
|---|---|---|
| Compensation | Carry, bonuses, vesting | 20% carry, 8% hurdle |
| Deal costs | Legal, VDD, broken deals | AUM ~CHF 160bn |
| Tech & Ops | Cloud, data, compliance | Automation −30% ops |
Revenue Streams
Management Fees
Management fees are recurring charges on committed or invested capital across Partners Group funds and mandates, with tiered schedules reflecting scale and strategy. These fees provide stable operating income and align incentives with ongoing portfolio management. In 2024 Partners Group reported continued AuM and fee-generating mandate growth, reinforcing the predictability of this revenue stream.
Performance Fees (Carry)
Performance fees (carry) are incentive income above preferred returns and hurdles, typically around 20% of profits after an 8% hurdle, crystallizing on realizations or periodically in evergreen structures; Partners Group’s model ties carry timing to exits and mark-to-market events. Carry drives strong alignment with LP performance but is volatile and linked to exit activity and valuations; private capital dry powder was about $2.5tn in 2024, underpinning near-term exit dynamics.
Transaction & Monitoring Fees
Portfolio company transaction, advisory and monitoring fees are charged for deal execution and ongoing value-add services, often shared or offset against management fees under LP agreements; in 2024 Partners Group reported fee-related earnings of CHF 1.1bn, reflecting this mix of income. These fees compensate for active monitoring, board representation and strategic support. Their application is subject to investor governance, contractual disclosure and periodic audit.
Co-investment & Custom Mandate Fees
- Lower headline fees: 50–100 bps
- Bespoke pricing: tailored to client
- Success-based elements: carried interest
- Scales with AUM: CHF 168bn (2024)
Fund Services & Other Income
Ancillary revenues from fund administration, FX and treasury services, plus occasional secondaries/NAV-financing structuring fees and thought-leadership sponsorships, contribute to Partners Group’s Fund Services & Other Income; in 2024 these remained small versus core management and performance fees. These streams support client service and deal structuring but are not a primary profit driver. They enable cross-selling and marginal margin enhancement.
- Fund admin, FX, treasury — ancillary
- Secondaries/NAV financing structuring fees — opportunistic
- Events/sponsorships — occasional
- 2024: revenues small relative to core fees
Stable fees with CHF 1.1bn earnings; CHF 168bn AuM and ~$2.5tn dry powder
Management fees provide stable income (tiered schedules; 2024 AuM CHF 168bn). Performance fees (carry ~20% above 8% hurdle) are volatile and tied to exits; private capital dry powder ~$2.5tn (2024). Transaction/advisory fees and co-invest/custom mandate fees (lower headline 50–100bps) plus ancillary fund services add incremental revenue; 2024 fee-related earnings CHF 1.1bn.
| Metric | 2024 |
|---|---|
| AuM | CHF 168bn |
| Fee-related earnings | CHF 1.1bn |
| Private capital dry powder | ~$2.5tn |