The Partners Group Private Equity (Master Fund) is a non-diversified, closed-end management investment company structured as a Delaware limited liability company. The Fund’s primary investment strategy is to achieve long-term capital appreciation by investing in a diversified portfolio of private equity and debt assets, both directly and through its subsidiaries, including an onshore and offshore entity. It focuses on a broad range of private market investments, with a specific emphasis on private equity and private debt. The Fund targets global investments and typically makes investments in private equity and debt funds, secondary market transactions, and direct investments in portfolio companies. The Fund is structured with two classes of units: Class A and Class I, each with varying characteristics related to sales charges and fees. The typical holding period for investments is medium- to long-term, aligning with the fund's objective of maximizing capital appreciation.
News and Notices
Partners Group
Jul 01, 2009
Tender Offer CEF
'40 Act
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USD
March 31
News and Notices
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Apr 29, 2025
12:28
Redemption
Partners Group Private Equity Fund launched a tender offer to repurchase up to 342 million limited liability company interests, or 5.00% of outstanding interests, representing ~$729 million as of August 31, 2026. Investors must tender by November 27, 2026.
zrmwladM0
Aug 29, 2026
09:20
Redemption
Partners Group Private Equity Fund reported final tender offer results: investors validly tendered $2.2 billion of limited liability company interests, and the fund accepted $728.4 million, or 5% of net asset value, paying $728.3 million after fees.
8rEkE47ym
Mar 07, 2025
13:58
Ownership, Redemption
Partners Group Private Equity II, an affiliate of the adviser, requested to tender 13.6 million Partners Group Private Equity Fund Class I shares at an estimated $2.20 per share. The request is subject to acceptance.
SQ8VXssBY
Feb 19, 2024
13:36
Compliance
Partners Group Private Equity Fund reported its 2026 annual fund voting report, covering the year ended June 30, 2026, with 0 other included managers and 0 series. Investors receive proxy voting disclosure without additional manager or series coverage.
CJqJtZgyE
Feb 28, 2026
13:04
Redemption
Partners Group Private Equity Fund launched a tender offer to repurchase up to 5% of net assets, approximately $762 million, valued September 30 with requests due August 26, 2026. Tendering investors receive at least 95% of unaudited value initially.
Mu61Ezv
Aug 29, 2024
16:33
Redemption
Partners Group Private Equity Fund reported final tender offer results: $915 million of limited liability company interests were validly tendered, and $758 million were accepted pro rata, representing 5% of aggregate net asset value as of June 30, 2026.
fSsiFvI
May 02, 2026
13:42
Ownership, Personnel, Subscription
Manager Lewis Randolph Hood Jr. requested to purchase 227,759 Class I limited liability company shares of Partners Group Private Equity Fund at an estimated $2.20 per share. His direct beneficial ownership would be about 1.2 million shares after the subscription.
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Oct 02, 2025
13:27
Ownership, Personnel, Subscription
Partners Group Private Equity Fund Manager Ruth S. Goodstein requested to purchase 11,388 Class I shares at an estimated $2.20 per share based on May 31, 2026 net asset value. Her direct ownership would be 25,000 shares after the subscription.
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Jan 05, 2024
16:15
Other
Partners Group vehicles sold 329,921 Life Time Group Holdings common shares at $28.60 per share on June 4, 2026, reducing aggregate holdings to 1.7 million shares.
AtvxjReH
Oct 03, 2025
18:05
Personnel, Subscription
Partners Group Private Equity Fund reports total amount sold increased from $14.6 billion to $15.8 billion, with investors rising from 67,656 to 71,978, and adds Ruth S. Goodstein as Director.
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Preview
News
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Capital Flows
Tender Offer CE Funds
Private Equity
North America
Tender offer results revealed for Partners Group's evergreen flagship
Oct 30, 2026

The $15 billion Partners Group Private Equity Fund accepted approximately one-third of the $2.2 billion in Q3 repurchase requests, with payments made in the form of promissory notes.

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Capital Flows
Tender Offer CE Funds
Private Equity
North America
Partners Group's US flagship sees almost $1 billion in Q2 redemption requests
Jul 30, 2026

Partners Group Private Equity Fund capped the requests at 5% of NAV, repurchasing ~$760 million of the shares through promissory notes.

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Tender Offer CE Funds
Private Equity
Capital Flows
North America
Partners Group signals redemptions cap on US flagship fund
Jun 5, 2026

The $185 billion manager expects repurchase requests in a Delaware-domiciled private equity evergreen vehicle to reach approximately 6% of NAV. 

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Tender Offer CE Funds
Returns & Performance
Regulatory
Managers
Private Equity
Partners Group hits back at Grizzly Research
May 1, 2026

The manager is considering legal action after a "frivolous, defamatory, and highly misleading" report targeting its evergreen platform was published by the short-selling hedge fund.

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Tender Offer CE Funds
Private Equity
North America
'40 Act in Focus: Partners Group Private Equity Fund
Mar 10, 2026

We dive into the evergreen fund's Q4 activity, which saw 61 of its 67 investments made in *checks notes* public markets.

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Private Equity
Managers
'40 Act in Focus: Partners Group Private Equity
Jun 27, 2025

SecondaryLink outlines PGPE's returns, NAV evolution, Q1 secondaries purchases, and portfolio makeup, as of March.

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Private Equity
Managers
'40 Act in Focus: Partners Group Private Equity
Mar 11, 2025

SecondaryLink reviews PGPE's Q4 portfolio makeup and secondary investments made, including $24 million in Overbay Capital Partners funds.

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Private Equity
Managers
'40 Act in Focus: Partners Group Private Equity
Dec 20, 2024

SecondaryLink dives into PGPE, unpacking the secondary investments made, NAV performance, portfolio makeup, and tenders of the Partners Group-managed evergreen in Q3.

Partners Group Private Equity Fund
Partners Group is responsible for managing Partners Group Private Equity Fund.
Partners Group Private Equity Fund launched in 2009.
Partners Group Private Equity Fund is registered as a '40 Act fund.
Partners Group Private Equity Fund is structured as a Tender Offer CEF fund.
You can invest in Partners Group Private Equity Fund monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of Partners Group Private Equity Fund quarterly, subject to redemption limits and notice requirements.
Shares of Partners Group Private Equity Fund can be purchased in USD.
Partners Group Private Equity Fund's fiscal year end is March 31.
Partners Group Private Equity Fund's net asset value was $15,106.6 million and its portfolio had a fair value of $15,173.1 million as of June 30, 2026.
Among other deal types, Partners Group Private Equity Fund primarily makes Direct Investments.
Among other asset classes, Partners Group Private Equity Fund primarily invests in LBO and Coinvestment Fund Single Asset.
Among other regions, Partners Group Private Equity Fund primarily invests in North America.
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