Partners Group Battles Dual Headwinds: Short-Seller Lawsuit and Fund Redemption Squeeze
Partners Group faces a short‑seller lawsuit and fund redemption pressure, weighing legal action against outflows that could slow growth.Summary
Partners Group’s shares have fallen about a third this year as the firm confronts two simultaneous pressures. Chairman Steffen Meister has announced plans to file a criminal complaint against US short‑seller Grizzly Research after its report likened the company to Wirecard, claiming the allegations are baseless and unlawful; under EU market‑abuse rules, the firm hopes to prove the report constitutes illegal “short and distort” activity, though the legal fight could trigger a Streisand effect that revives attention.
At the same time, Partners Group’s evergreen funds are experiencing redemption requests—roughly 9.8% of NAV in the Global Value SICAV and about 6% in a Delaware‑domiciled vehicle—leading the firm to cap quarterly redemptions at 5%. Despite the outflows, the company maintains its full‑year new‑business guidance of $26‑32 billion, retains an A‑ rating from Fitch, and expects the redemption drag to shave 1‑2 percentage points off net AUM growth in 2026‑27. CEO David Layton attributes the pressure to broader private‑market uncertainty and notes that 80% of assets are institutional, while technical indicators show the stock trading below its 200‑day average with key support near €700, ahead of half‑year results due in early September.
(Source：Newscase)