Partners Group - Private Credit
Hi all,
Have a case study upcoming with Partners Group in London in the next few weeks and wanted to ask a few questions.
1. How is Partners Group private credit viewed / reputation etc. vs. industry peers?
2. How are exit opportunities?
3. Are they typically open to switching teams internally?
I have never really considered private credit as a career and always aimed to switch to PE (currently 2nd year IB Analyst) but this is a concrete opportunity that might be very interesting. Just wondering if it will limit future opportunities on the buy-side down the line. Any input is much appreciated!
Based on the most helpful WSO content:
Reputation of Partners Group Private Credit vs. Industry Peers:
Exit Opportunities:
Internal Team Switching:
Given your background as a 2nd year IB Analyst and your interest in switching to PE, the rotational program at Partners Group could offer you valuable experience and optionality post-analyst program. While private credit might not have been your initial focus, the firm's strong reputation and exit opportunities could make this a worthwhile consideration for your career on the buy-side.
Sources: Partners Group AG vs. Carlyle Group, Urgent: Partners Group vs MMPE, Private Equity vs. Private Credit, Private Equity vs. Private Credit, Anyone has experience with Partners Group?
Bump
Reputation is 2nd tier at best. Exit opps would be realistically other 2nd tier credit shops (eg HIG, Eurazeo, etc)
Thanks, could you elaborate a bit more?
Credit groups in PE-led firms are weak as leadership doesn’t really understand credit and ends up chasing yield, which is recipe for low performance in credit. Further, if you are not a T1 platform you get adversely selected on deals ie the worst deal remain available to you. It’s easy to DD in recruiting: ask them how many vintages / AuM / IRR since inception.
This is not correct, exits has been to APO, BX, HPS
Ares Opportunstic Credit, King Street, Brigade, Diameter, Silver Rock as well in the US.
Bump - anyone able to comment on switching from credit to PE a few years down the line? Impossible or not?
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