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Partners Group Private Equity (PGPE) has revealed that its net asset value per share rose by 0.1% in July, as a 0.3% gain in portfolio revaluations was almost entirely cancelled out by a 0.3% currency loss, suggesting the underlying business barely moved.
Separately, PGPE received EUR 4.7 million in distributions during the month, driven by a dividend recapitalisation of Rosen Group. The company also commissioned a 2MW photovoltaic plant at its site in Lingen, Germany, allowing for increased use of locally generated clean energy for operations.
Rosen has also appointed a new chief financial officer and chief legal officer. Partners Group has worked closely with the board and management team to help transform the company into a leading global, data- and AI-enabled, technology-powered pipeline asset integrity provider since acquiring a controlling stake in March 2024.
KinderCare Learning Companies, Forterro, and Version 1 were claimed to be the firm’s top drivers of value creation. The valuation of KinderCare increased over the month based on its listed share price performance, while the increase in Forterro’s valuation was driven by growth in valuation EBITDA, which offset a lower valuation multiple applied in line with public market comparables.
Forterro’s valuation increase was driven by growth in valuation EBITDA, which offset a lower valuation multiple applied in line with public market comparables. The company acquired 3E Datentechnik and Klaes, both software providers for manufacturers of windows and doors, during the first half of 2026.
Post month-end, Version 1 worked with fellow Partners Group company Foundation Risk Partners to build two AI tools, one to speed up policy processing, one to automate policy checks. Partners Group puts the impact at USD 10 million in EBITDA and a 120-basis-point margin uplift.
Partners Group also announced that it had entered exclusive discussions on behalf of its clients to acquire Aroma-Zone, one of the fastest-growing natural beauty, wellness, and self-care brands in Europe. PGPE is expected to receive an allocation to the investment upon completion, subject to customary closing conditions.
It comes after the fund proposed a vote that could lead to the wind-down of the fund. The group is proposing a dual-share-class structure that would let investors either remain invested in the existing strategy or move into a “realisation” category. If demand for realisation shares exceeds 40%, the board will seek approval for a “managed wind-down of the entire portfolio.”