Partners Group, a Swiss asset manager, boosted operating profitability by two thirds in the first half of this year. The company's management is confident that the firm hasn't reached its full potential yet and expects to hire further experts to help it along.
Partners Group, a Zug-based asset manager, increased its operating profitability margin (EBITDA margin) to 66 percent in the first half of 2017, compared with 50 percent a year earlier, the company said in a statement today. Partners Group has a target rate of 60 percent.
Revenue increased by a quarter to 565 million Swiss francs and IFRS profit added 42 percent to 359 million francs.
More to Come
Partners Group invested $5.6 billion across all private market asset classes on behalf of its clients, an increase from $4.9 billion a year earlier. The company recorded a gross inflow of 6.9 billion euros, which compares with inflows of 4.6 billion euros in the same period of 2016. Partners Group expects client commitments to reach 10 to 12 billion euros in the full year, as expected.
The company expects that it has potential for further growth: «We will therefore continue to invest substantially in the build-out of the infrastructure of our global private markets platform,» said André Frei, partner and co-CEO of Partners Group, according to the statement.
Partners Group will hire further personnel to help it achieve its long-term targets, the company said.
