(LSE: PEY/PEYS)

Partners Group Private Equity Limited

Free Cash Flow as at 31 December 2025, and update on distribution and investment activity as well as cash flows

Under the terms of its capital allocation policy adopted in March 2024, Free Cash Flow as at 31 December 2025 was nil, reflecting balanced cash flows during the period. Accordingly, the Board has not allocated additional capital to the share buyback programme. The Company will seek to deploy the residual EUR 9.2 million of the current share buyback programme of up to EUR 15 million during the period to its expiry on 31 January 2026.

The Company continued to enjoy a healthy flow of liquidity events during the quarter ended 31 December 2025, with the announcement of agreed sales and the sell down of listed shareholdings. The Company also saw a pick up in investment activity, including the re-investment of EUR 25.9 million in Techem and PCI Pharma Services following the previously announced sales, and the payment of the second dividend of EUR 25.9 million on 19 December 2025. 

With approximately EUR 200 million of proceeds from realizations received during the full year 2025, the Company enjoyed its highest quantum of distributions since 2021. This is in contrast to continued low levels of distributions across the global private equity industry as a whole.

A total of EUR 57.6 million was distributed to shareholders in 2025, predominantly through EUR 51.8 million in dividends, recognising the importance placed by the Board on regular and predictable distributions to shareholders, reflecting the dividend policy of paying to shareholders annually 5% of the previous year end's closing net assets. The remaining EUR 5.8 million comprised share buybacks, with the Company having acquired 562,025 ordinary shares under the EUR 15 million programme announced in October 2025.

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, a global private markets investment management firm with over USD 174 billion in investment programs under management in private markets, of which USD 83 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

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.