Partners Group hits new multi-year low, shares trade near key June support

Partners Group shares on SIX Swiss Exchange have slipped to their weakest level since the early pandemic, extending a year-to-date decline of around 30 percent after capped redemptions in a major evergreen fund.

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-23, 08:05.

Partners Group (CH0024608827) has come under renewed pressure in Zurich trading, with shares on SIX Swiss Exchange sliding to 669 Swiss francs on Monday and marking their lowest level since the onset of the COVID-19 crisis, according to Marketscreener and Swiss financial press. The move extends a year-to-date decline of roughly 30 percent that accelerated after the private-markets specialist restricted redemptions in a flagship 8.6 billion dollar evergreen fund.

Evergreen redemptions weigh on sentiment

At the center of the stress is Partners Group’s Global Value SICAV, an open-ended private-equity vehicle where redemption requests have climbed to an estimated 9.8 percent of net asset value, forcing the manager to impose caps in order to protect portfolio stability. The fund, which sits within the group’s broader evergreen platform targeted at wealthy and retail investors, has become a focal point for analysts and investors following the redemption limits.

Coverage compiled by MarketScreener shows that, despite the recent drawdown, consensus expectations for Partners Group’s earnings trajectory remain broadly constructive, with an average target price around 957 Swiss francs and a majority of analysts still rating the stock Buy or Outperform. This gap between current trading levels near 669 francs and the street’s aggregate target underlines how heavily the shares are discounting the near-term impact of outflows and the operational adjustments around the evergreen franchise.

Chart picture on SIX Swiss Exchange

Technically, Partners Group shares now trade markedly below key moving averages on SIX, with the price sitting roughly 29 percent beneath the 200-day line and around 18 percent under the 50-day average, according to recent trading data cited by analyst reports. The break below the early June closing low of 671 francs into an intraday trough of 669 francs represents a clear violation of prior support, confirming the multi-year low described by Swiss outlet Tippinpoint.

Sector comparables such as EQT and Blackstone have also seen volatility this year, but the drawdown in Partners Group stands out in the European listed private-equity space, where some peers have held up better amid resilient fee income and diversified investor bases. For investors who follow the SMI and broader Swiss equity universe, the stock’s current discount to historic levels and to consensus targets is being read as a concentrated reflection of the firm’s evergreen-specific challenges rather than a broad collapse in private-markets economics.

How Partners Group earns its fees

Partners Group generates the bulk of its revenue from management and performance fees on private equity, private debt, private infrastructure and private real estate assets that it manages for institutional and private clients worldwide. The firm structures its products across closed-end funds, mandates and evergreen vehicles, with long-term capital commitments typically locked in for several years, while the newer evergreen offerings allow for periodic subscriptions and redemptions within pre-defined limits.

Where the shares trade today

The Partners Group shares (CH0024608827) last traded on SIX Swiss Exchange at 669 Swiss francs on 2026-06-23, 10:30, based on recent quote data from MarketScreener.

Key data on the Partners Group shares

• Company: Partners Group Holding AG
• ISIN: CH0024608827
• WKN: A0M6ZL
• Ticker: PGHN
• Trading venue: SIX Swiss Exchange
• Price (as of 2026-06-23, 10:30): 669 CHF
• Market cap: 18.5 billion CHF (as of 2026-06-23)
• Sector / industry: Financials / Asset Management
• Index membership: SMI, SPI
• Next earnings date: 2026-09-01

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Figures and dates are based on sources believed to be reliable but cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor before making investment decisions.