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

Partners Private EquityAnnouncement

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RNS Number : 3571A  Partners Group Private Equity Ltd  14 April 2026

(LSE: PEY/PEYS)

 

Partners Group Private Equity Limited

 

NAV decreased by 0.5% in February 2026

 

 

·    NAV decreased to EUR 12.63 per share, corresponding to EUR 858.84
million

·    Portfolio revaluations (-0.7%) partially offset by positive currency
movements (+0.4%)

·    PGPE Ltd received distributions of EUR 36.0 million and invested EUR
3.2 million during the month

 

In February, PGPE Ltd's NAV declined by 0.5%, primarily due to the revaluation
of two investments that are now listed on public markets, where broader
volatility has pressured share prices. Within the listed portfolio, KinderCare
Learning Companies ("KinderCare") and Vishal Mega Mart ("Vishal") experienced
valuation declines reflecting weaker share price performance, despite strong
underlying business fundamentals. Additionally, the valuation of United States
Infrastructure Corporation ("USIC"), a US-based provider of underground
utility locating services, declined over the month. However, recent indicators
point to a sustained improvement in earnings quality, profitability, and
margins. Meanwhile, the acquisition of Advanced Gas Operations has further
diversified USIC's revenue base and strengthened its position in regulated and
resilient end‑markets. Management continues to execute a strategic plan that
focuses on pricing strategies, contract optimization, and operational
digitalization, among others, to drive further performance improvements.

 

Elsewhere at the portfolio level, the valuation of Rosen Group, a global
leader in mission-critical inspection services and technology for energy
infrastructure assets, increased, reflecting its overall positive financial
performance. The company continues to progress on its operational
transformation, including the implementation of digital tools and
organizational upgrades. Furthermore, the valuation of MPM Products ("MPM"), a
UK-based global pet food company, also marginally increased during the month,
reflecting growth in valuation EBITDA driven primarily by strong revenue
growth across key markets and channels. Partners Group is working with MPM's
management team to accelerate growth and transform the company into the global
leader in premium wet cat food through an expansion of sales in core markets,
entering new geographies, strengthening brand development, building e-commerce
capabilities, and enhancing supply chain resilience.

 

Finally, continuing its strong momentum in distribution activity, PGPE Ltd
received EUR 22.2 million from its equity investment in Convex Group following
the sale of the company to Onex and AIG. Convex is an international specialty
insurer and reinsurer with operations in London and Bermuda. Convex was formed
in 2019 as a de novo insurer and has rapidly grown into a leading specialty
property and casualty insurer/reinsurer.

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                             Jenny Blinch

 Phone: +41 41 784 66 73                      Phone: +41 41 784 65 26

 E-mail: andreea.mateescu@partnersgroup.com   E-mail: jenny.blinch@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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