Partners : Download H2 2021 AuM presentation

13 JANUARY 2022

Business update 2021 & outlook 2022

David Layton, CEO | Hans Ploos van Amstel, CFO

Edward Diffendal Private Infrastructure Americas | Vittorio Lacagnina Client Solutions Americas

BUSINESS UPDATE 2021 & OUTLOOK 2022

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Growth momentum continues into 2022

Robust client demand

USD 25 billion in new commitments in 2021, supported in part by a catch-up in activities that were postponed in 2020

Sustained AuM growth

AuM grew 17% to USD 127 billion in 2021, diversified across asset classes

Solid growth in 2022

Anticipated client demand results in continued AuM growth; USD 22-26 billion fundraising expected

Clients Investments

Strong portfolio performance

Our investment approach delivered attractive underlying portfolio performance

Significant investment activity

Invested USD 32 billion in 2021 with a focus on transformational growth themes

Thematic investing remains key

We continue to identify assets with superior growth profiles and greater resilience

Source: Partners Group (2022).

BUSINESS UPDATE 2021 & OUTLOOK 2022

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Table of contents

1 AuM development 2021 & outlook 2022

2 Investments 2021 & outlook 2022

AUM DEVELOPMENT 2021 & OUTLOOK 2022

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Sustained AuM growth with continued diversification across asset classes

Total assets under management1 (in USD billion)

127

63bn 27bn

Private	Private
equity	debt

11																18bn	19bn
															Private	Private
																real estate	infrastructure
2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
IPO

Note: assets under management exclude discontinued public alternative investment activities and divested affiliated companies held up to 2013.

1Partners Group aims to mirror the fee basis for its various programs and mandates when calculating AuM. For further information please refer to the 2020 Annual Report, "Key definitions and alternative performance metrics (APM)", on page 28, available for download at www.partnersgroup.com/financialreports.

Source: Partners Group (2022).

AUM DEVELOPMENT 2021 & OUTLOOK 2022

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Bespoke client solutions lead fundraising and represent the majority of AuM

Assets raised during 2021

Private infrastructure

17%

Private real

estate	USD	Private equity
9%	25 billion	50%

Private debt

24%

Traditional	USD	Bespoke
client programs	25 billion	client solutions
38%		62%
	Evergreen
	programs (26%)

AuM as of 31 December 2021

Private infrastructure

15%

Private real
estate	USD	Private equity
14%	49%
127 billion
Private debt
22%

Traditional	USD	Bespoke
client programs	127 billion	client solutions
34%		66%
	Evergreen
	programs (29%)

Due to rounding, some totals may not correspond with the sum of the separate figures. Note: "mandates" AuM and assets raised also include commitments by select mandate clients into traditional programs; therefore, the corresponding amount is not included within the AuM category "traditional" but within "mandates". Source: Partners Group (2022).