REG - Partners Grp Pvt Eqt Partners Grp E-PEYS - PGPE Ltd publishes March NAV

Partners Private EquityAnnouncement

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RNS Number : 3475D  Partners Group Private Equity Ltd  07 May 2026

(LSE: PEY/PEYS)

 

Partners Group Private Equity Limited

 

NAV decreased by 0.5% in March 2026

 

 

·    NAV decreased to EUR 12.57 per share, corresponding to EUR 852.90
million

·    Portfolio revaluations (-1.0%) partially offset by positive currency
movements (+0.8%)

·    PGPE Ltd received distributions of EUR 37.8 million and invested EUR
6.8 million

·    As of 31 March 2026, PGPE Ltd had cash and cash equivalents of
EUR 33.4 million and an undrawn credit facility of EUR 150.0 million

 

In March, PGPE Ltd's NAV declined by 0.5%, primarily due to continued share
price pressure in listed holdings Vishal Mega Mart ("Vishal") and KinderCare
Learning Companies amid broader market volatility. In the private equity
portfolio, Guardian Childcare & Education ("Guardian"), Australia's third
largest for-profit operator of childcare centers, was a top detractor. The
revaluation reflects a decline in EBITDA alongside a lower valuation multiple
based on public market comparables. The sector continues to see softness in
occupancy due to consumer spending headwinds, competitive pressures from new
supply, and demographic trends such as lower birth rates. Despite these
challenges, Guardian continues to outperform the broader sector on occupancy.
Guardian has industry leading quality and safety practices, which are aligned
with the new nationally enforced child safety reforms and recently appointed a
National Investigations Lead, a new national role aimed at strengthening child
safety governance.

 

Distribution activity continued to show solid momentum, with PGPE Ltd
receiving a total of EUR 37.8 million during the month, driven primarily by
proceeds from Vishal, STADA Arzneimittel, and Galderma.

 

The largest contribution came from a partial realization of Vishal through the
sale of a 14% stake. Since Partners Group's initial investment in 2018, Vishal
has achieved strong growth, with EBITDA and revenue compounding at 24%
annually over the last three years, supported by store expansion and
operational efficiency initiatives.

 

The month also included the full realization of Galderma, completed through a
series of sponsor-backed share sales culminating in a final block trade. Since
the initial investment in 2019, Partners Group has supported the scaling of
Galderma's aesthetics franchise, the international expansion of Cetaphil, and
the launch of Nemluvio, alongside broader operational professionalization,
revenue growth, margin expansion, and cash generation initiatives.

 

Regarding investment activity, PGPE Ltd invested EUR 6.8 million, including a
direct co-investment in a global provider of online boat sales and rentals
classifieds. The company operates in a fragmented recreational boating market
where dealers and brokers are increasingly shifting to digital marketing, with
further growth supported by deeper penetration in existing markets and
selective geographic expansion.

 

PGPE Ltd has made available the recording of its latest investor update
webcast. The recording is available on the Investors - Results &
Presentations section of the Company's website
(https://www.partnersgroupprivateequitylimited.com/investors/reports-and-presentations)
.

 

Ends.

 

About Partners Group Private Equity Limited

PGPE Ltd is an investment holding company founded in 1999 and domiciled in
Guernsey. It invests in private equity direct investments. PGPE Ltd is managed
in its investment activities by Partners Group, one of the largest firms in
the global private markets industry, with USD 185 billion in investment
programs under management in private markets, of which USD 86 billion is in
private equity. Partners Group itself is listed on the Swiss Stock Exchange
(ticker: PGHN). PGPE Ltd aims to provide shareholders with long-term capital
growth and an attractive dividend yield. PGPE Ltd is traded on the Main Market
of the London Stock Exchange (ticker: PEY for the Euro quote; PEYS for the
Sterling quote).

 

 

Contacts

Partners Group Private Equity Limited:

pgpe-ltd@partnersgroup.com

www.partnersgroupprivateequitylimited.com

 

 Investor relations contact:                 Media relations contact:

 Andreea Mateescu                            media@partnersgroup.com

 Phone: +41 41 784 66 73

 E-mail:andreea.mateescu@partnersgroup.com

 

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Notes:

1.     Note that references in this announcement to Partners Group Private
Equity Limited have been abbreviated to "PGPE Ltd" or "the Company".
References to Partners Group AG have been abbreviated to "Partners Group" or
"the Investment Manager".

2.     This document does not constitute an offer to sell or a
solicitation of an offer to buy or subscribe for any securities and neither is
it intended to be an investment advertisement or sales instrument of Partners
Group Private Equity Limited. The distribution of this document may be
restricted by law in certain jurisdictions. Persons into whose possession this
document comes must inform themselves about and observe any such restrictions
on the distribution of this document. In particular, this document and the
information contained therein are not for distribution or publication, neither
directly nor indirectly, in or into the United States of America, Canada,
Australia or Japan.

3.     This document may have been prepared using financial information
contained in the books and records of the product described herein as of the
reporting date. This information is believed to be accurate but has not been
audited by any third party. This document may describe past performance, which
may not be indicative of future results. No liability is accepted for any
actions taken on the basis of the information provided in this document.
Neither the contents of PGPE Ltd's website nor the contents of any website
accessible from hyperlinks on PGPE Ltd's website (or any other website) are
incorporated into, or form part of, this announcement.

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