Partners Group continues to thrive and expanded assets under management in the first half of 2017. Growth however was held back by the drop of the U.S. dollar.

Partners Group increased assets under management to 57.8 billion euros by the end of the first half of 2017, an increase of an annualized 14 percent, the company said in a statement today.

Growth was held back by the drop of the dollar versus the euro as more than a third of the assets managed by Partners Group is denominated in dollars. The asset manager specializes in private equity investments.

Increase in Full-Year Demand Forecast

Partners Group realized investment demand of 6.9 billion euros in the first half and invested $5.6 billion. The company raised its outlook for full-year client demand to a range of 10 to 12 billion euros due to strong business.

Partners Group has 31 billion euros in private equity, 10 billion euros in private debt, 9 billion euros in private real estate and 8 billion euros in private infrastructure, the Baar-based company said.