Partners Group Rejects Rumors of Liquidity Restrictions on Evergreen Funds

Partners Group on Friday night issued a statement addressing what it described as unfounded market rumors regarding its evergreen investment vehicles. According to the Swiss asset manager, recent speculation suggested that the firm was evaluating additional liquidity restrictions or even a freeze on certain funds. The company said these claims were incorrect.  

The Baar-based firm stated that it has «no intention» of altering any of the documented liquidity mechanisms governing its evergreen funds. It also emphasized that it has no plans to freeze any of the vehicles, citing healthy portfolios and sufficient liquidity levels in line with target allocations.  

Strong Realizations and Ongoing Distributions

Partners Group highlighted the performance of the two funds at the center of the speculation. Since inception, both vehicles have generated returns of approximately five times invested capital. In 2025, they produced realization proceeds equivalent to around 15 percent of portfolio value, with a similar level expected for 2026.  

The firm added that liquidity remains supported by ongoing distributions from the underlying portfolio companies and assets. These distributions amounted to roughly 15 percent in 2025 and approximately 8 percent year-to-date in 2026. In addition, both funds have access to undrawn credit facilities. Partners Group said the vehicles continue to deploy capital and remain open to new subscriptions.  

Guidance Reconfirmed

The company also reaffirmed its previously communicated financial guidance. Partners Group currently manages more than $185 billion in assets globally and employs around 2,000 professionals across its international platform.  

The statement comes amid heightened scrutiny of liquidity management across the private markets industry. In recent weeks, investors have paid closer attention to evergreen structures and private credit products following increased redemption activity and concerns about liquidity at several large alternative asset managers.