PGPE Ltd publishes June NAV

Partners Group Private Equity Ltd

07 August 2026

 

(LSE: PEY/PEYS)

Partners Group Private Equity Limited

NAV decreased by 2.3% in June

·    NAV decreased to EUR 11.57 per share, corresponding to EUR 776.09 million

·    Portfolio revaluations (-3.2%) slightly offset by positive currency movements (0.9%)

·    EUR 8.5 million received in distributions, largely driven by proceeds from the realization of a healthcare investment

·    As of 30 June 2026, PGPE Ltd had cash and cash equivalents of EUR 51.15 million and EUR 150 million undrawn credit facility  

During the month, the NAV of PGPE Ltd declined by 2.3%, primarily due to the revaluation of Ammega, a global leader in mission-critical industrial power transmission, and Emeria, a leading European real estate services provider.

The decreased valuation of Ammega reflects trading conditions that remained subdued operationally. Partners Group continues to work closely with the board and management to sustain margins through operational initiatives. Elsewhere, the company recently appointed a new Chief Commercial Officer responsible for developing product lines and key industry segments with a focus on sustainable growth and commercial excellence.

The decline in valuation for Emeria reflects weaker operating performance and a reduction in the valuation multiple applied in line with public market comparables. Emeria's operating performance improved in 2025 following a prolonged period of macro headwinds. However, 2026 was softer, reflecting the impact of businesses divested in 2025, prior-year client churn in its French Residential Real Estate Services (RRES) segment, and some renewed macroeconomic pressure. The company continues to roll out its new operating model within the French RRES business, alongside ongoing initiatives to support organic growth.

Meanwhile, Techem, a leading European sub-metering services provider, was the top contributor to value creation in June. The increase in valuation reflects the company's continued operational progress, with financial growth remaining positive, supported by strong sales and installation activity across the core energy services business. In addition, Techem announced the sale of Techem Solutions, its heat contracting business serving the German real estate sector, to Elevion Group in June 2026. The divestment further sharpens Techem's strategic focus on smart energy data management and energy efficiency solutions for buildings. 

The portfolio also generated EUR 8.5 million in distributions during the month, largely comprising proceeds from the realization of a healthcare investment.

Additionally, PGPE Ltd remains committed to returning capital to shareholders. The Company paid EUR 22.3 million in dividends in June and utilized a further EUR 4.9 million for share buybacks during the month, with cash and cash equivalents standing at EUR 51.15 million as of 30 June 2026.

Ends.

About Partners Group Private Equity Limited

PGPE Ltd is an investment holding company founded in 1999 and domiciled in Guernsey. It invests in private equity direct investments. PGPE Ltd is managed in its investment activities by Partners Group, one of the largest firms in the global private markets industry, with USD 186 billion in investment programs under management in private markets, of which USD 79 billion is in private equity. Partners Group itself is listed on the Swiss Stock Exchange (ticker: PGHN). PGPE Ltd aims to provide shareholders with long-term capital growth and an attractive dividend yield. PGPE Ltd is traded on the Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

Contacts

Partners Group Private Equity Limited:

[e-mail]

www.partnersgroupprivateequitylimited.com

Investor relations contact: Andreea Mateescu Phone: [phone] E-mail:[e-mail]

Media relations contact: [e-mail]

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Notes:

1.     Note that references in this announcement to Partners Group Private Equity Limited have been abbreviated to "PGPE Ltd" or "the Company". References to Partners Group AG have been abbreviated to "Partners Group" or "the Investment Manager".

2.     This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Partners Group Private Equity Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein are not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.

3.     This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of PGPE Ltd's website nor the contents of any website accessible from hyperlinks on PGPE Ltd's website (or any other website) are incorporated into, or form part of, this announcement.

 

END