Partners Group’s Top Brass Pours CHF 20.2 Million into Beaten-Down Stock as Redemption Squeeze Bites

Despite strong earnings and a low P/E of 20.8, Partners Group shares tumble as redemption requests surge in its flagship funds; four executives buy shares worth CHF 20.2 million.

The share price has lost nearly a third of its value this year, yet the underlying business remains on solid footing. Revenue hit CHF 2.46 billion in the 2025 financial year and net profit came in at CHF 1.26 billion — numbers that would normally command respect. With a dividend of CHF 46 per share on the table and a price-to-earnings ratio of just 20.8, the valuation looks undemanding. But market sentiment has soured because of a liquidity crunch inside the company’s own evergreen funds, and that anxiety has sent the stock tumbling to its lowest point since last summer.

Four senior executives have now stepped in to buy shares worth a combined CHF 20.2 million. Co?founder Fredy Gantner also increased his own stake, though he did not disclose the size of his purchase. The insider buying is an emphatic vote of confidence at a time when some investors are rushing for the exits.

The immediate catalyst for the sell?off lies inside Partners Group’s flagship Global Value SICAV. Redemption requests in the second quarter surged to almost 10% of the fund’s assets, well above the contractual cap of 5%. The manager was forced to limit withdrawals. A similar situation is unfolding at a second private?equity fund domiciled in Delaware, where buy?back applications reached roughly 6% of net asset value. As a result, the company now expects net growth in assets under management to slip by 1–2% in the second half of the year.

The macro backdrop has only compounded the pressure. The European Central Bank raised its deposit rate to 2.25%, while U.S. inflation accelerated to 4.2%, fuelling broader risk?aversion. Several banks have trimmed their price targets for Partners Group. Rothschild & Co now sees the stock at CHF 1,040, Vontobel at CHF 960, and Oddo BHF at CHF 920. Jefferies is the most bearish, pegging fair value at just CHF 760.

From a chart perspective, the sell?off has been brutal enough to leave the shares deeply oversold. The 14?day relative strength index stands at 28.7, and the stock is trading more than 25% below its 200?day moving average. Annualised volatility of nearly 53% points to more violent swings ahead. The June low of €733 has so far held, offering a technical floor, and the stock has recovered slightly to €767. Another support zone around €750 is now in focus. If those levels break, the slide could accelerate; if they hold, the insider purchases and the extreme RSI reading could set the stage for a sharp rebound.