Edison issues report on Partners Group Private Equity (PEY)

Summary by AI BETAClose X

Partners Group Private Equity (PEY) announced at its AGM on June 18th measures to provide investor liquidity at a narrower discount to Net Asset Value (NAV) and offer long-term investors an attractive proposition. The company plans to allocate assets and liabilities, including undrawn commitments, into two independently managed euro-denominated share classes through the redesignation of existing shares. The Continuing Ordinary Shares will maintain the current investment strategy, while the Realisation Shares, capped at 30% of share capital with a pro rata scale-back, will pursue an orderly realization strategy over an estimated eight years, excluding new investments, aiming to better align shareholder horizons with PEY's approach.

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