Partners Group Holding stock (CH0024608827): Recovers from short seller attack amid strong FY 2025 results

Partners Group Holding has rebounded from a Grizzly Research short seller report, posting 20% revenue growth to 2.56 billion francs for FY 2025 while proposing a 46 CHF dividend at the May 20 AGM.

Partners Group Holding, the Swiss private markets investment manager, has shown resilience following a short seller report from Grizzly Research. The stock recovered nearly fully from the subsequent sell-off, with insiders making significant purchases. For the financial year 2025, the company reported revenues of 2.56 billion Swiss francs, up 20%, and EBITDA of 1.61 billion francs, a 19% increase, according to ad-hoc-news.de as of May 2026. Shareholders are set to vote on a 46 Swiss francs per share dividend, a 10% hike, at the annual general meeting on May 20.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Partners Group
• Sector/industry: Private markets investment management
• Headquarters/country: Switzerland
• Core markets: Europe, US, Asia
• Key revenue drivers: Management fees, performance fees
• Home exchange/listing venue: SIX Swiss Exchange (PGHN)
• Trading currency: CHF

Partners Group Holding: core business model

Partners Group Holding operates as a global private markets investment manager, focusing on private equity, real estate, infrastructure, and debt. The firm partners with companies and investors to create value through active ownership and operational improvements. It currently manages approximately $185 billion in assets under management, with ambitions to expand to $450 billion, as noted in recent coverage from ad-hoc-news.de as of May 2026.

The business model emphasizes direct investments and a partner-led approach, differentiating it from peers reliant on fund-of-funds structures. Revenue stems primarily from management fees based on assets under management and performance fees from successful exits. This structure has supported consistent growth, with the firm expanding its presence in key markets including the United States.

Main revenue and product drivers for Partners Group Holding

Management and performance fees form the backbone of Partners Group Holding's revenues, which reached 2.56 billion Swiss francs in FY 2025, up 20% from the prior year, per the company's financial reporting as cited in ad-hoc-news.de as of May 2026. EBITDA rose 19% to 1.61 billion francs in the same period. Growth is driven by inflows into private equity and infrastructure funds, bolstered by institutional demand.

Product diversification includes evergreen funds and customized mandates, appealing to pension funds and sovereign wealth funds. Exposure to US markets through investments in American real assets and buyouts provides relevance for US investors tracking global private markets trends.

Industry trends and competitive position

The private markets sector continues to attract capital amid public market volatility, with dry powder levels at record highs. Partners Group Holding competes with firms like Blackstone and KKR, standing out via its direct investment strategy. Its scale and track record position it well in a market projected to grow significantly, per industry reports.

Why Partners Group Holding matters for US investors

Partners Group Holding offers US investors exposure to European private markets leadership with substantial US asset allocations. Listed on the SIX Swiss Exchange, shares are accessible via ADRs or international brokers, providing diversification beyond US-listed alternatives managers. Recent results underscore its role in portfolios seeking private equity growth.

Conclusion

Partners Group Holding demonstrated robust FY 2025 performance with double-digit revenue and EBITDA growth, while navigating short seller pressure through a swift recovery. The proposed dividend increase and AGM on May 20 signal confidence. Investors monitor assets under management trajectory and market conditions for sustained momentum.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.