NAV increased by 0.5% in October

(LSE: PEY/PEYS)

Partners Group Private Equity Limited

NAV increased by 0.5% in October

·    NAV increased to EUR 14.15 per share, corresponding to EUR 976.4 million

·    Positive value creation (+0.9%) and currency movements (+0.8%)

·    PGPE Ltd received EUR 89.0 million in distributions and invested EUR 44.5 million during the month

PGPE Ltd received distributions of EUR 89.0 million during the month, the majority of which stemmed from PCI Pharma Services ("PCI") and Techem.

EUR 73.6 million was received from PCI, a global contract manufacturing and development organization ("CDMO"), following the sale of the business to a consortium led by Bain Capital and Kohlberg & Company. Partners Group initially acquired a majority stake in PCI in 2016 with an investment thesis to establish the company as a strategic, mission-critical partner to the pharmaceutical and life sciences industry. In 2020, Kohlberg & Company and Mubadala Investment Company acquired a majority stake in PCI while Partners Group retained a minority stake. During this phase of ownership, PCI expanded into advanced drug delivery services, development and manufacturing of biologics, and sterile fill-finish services. Over the past decade, as a result of these value creation initiatives, PCI transformed from a regional commercial packaging organization into a global CDMO, providing a suite of end-to-end integrated solutions that "follow the molecule" throughout the continuum of a therapy's full lifecycle. As part of this transaction, PGPE Ltd reduced its exposure to PCI but reinvested EUR 16.5 million to retain participation in the company's future growth.

EUR 15.4 million was received from Techem, a European sub-metering services provider, bringing the amount received from the transaction during H2 2025 to EUR 24.2 million, with the remaining tranche expected to be distributed in 2027. Based in Eschborn, Germany, Techem provides energy services, including resource management, residential health, and building efficiency, as well as energy contracting services to property managers and owners of multi-tenant residential buildings. The company has over 440'000 customers in 18 countries and services more than 13 million dwellings. As part of the transaction, PGPE Ltd reduced its exposure to Techem and reinvested EUR 9.3 million to retain participation in the company's future growth.

Furthermore, PGPE Ltd deployed EUR 17.2 million in two new investments. This included EUR 12.9 million in a US healthcare provider and EUR 4.3 million in Infinity Fincorp Solutions ("Infinity"), a leading non-bank lender in India. Infinity serves unbanked and under-banked communities from over 130 branches across eight states.

During October, the Company commenced its share buyback programme and acquired 150,000 shares, having increased the available capital allocation for share buybacks from EUR 2.7 million to up to EUR 15 million under its capital allocation policy. The programme commenced following receipt of PCI proceeds and is expected to continue through 31 January 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, a global private markets investment management firm with over USD 174 billion in investment programs under management in private markets, of which USD 83 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:

pgpe-ltd@partnersgroup.com

www.partnersgroupprivateequitylimited.com

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.