The global private equity firm increased its assets under management in 2021 and expects continued strong client demand this year.

Zug-based Partners Group received $25 billion in capital commitments from its institutional clients, pushing assets under management up by 17 percent year-on-year to $127 billion through the end of 2021, it said in a business update late Thursday.

The increase was supported by a catch-up effect from activities that had been postponed from 2020 following the initial outbreak of the COVID pandemic, and by the positive market momentum last year.

Outlook solid

Partners group expects its growth trajectory to continue with capital commitments of $22 billion to $26 billion in 2022, it said.