Partners Grp Regulatory News (PEYS)

(LSE: PEY/PEYS)

Partners Group Private Equity Limited

NAV decreased by 0.7% in May

· NAV decreased to EUR 11.84 per share, corresponding to EUR 801.71 million

· Portfolio revaluations (-0.7%) partially offset by positive currency movements (+0.2%)

· PGPE Ltd declared a first interim dividend of EUR 0.325 per share, with the shares trading ex-dividend during the month

During May, the NAV of PGPE Ltd declined by 0.7%, primarily due to the revaluation of Emeria, a leading European real estate services provider. This was partially offset by positive currency movements, with the USD appreciating over the reporting period.

Emeria's operating performance improved in 2025 following a prolonged period of macro headwinds. However, Q1 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. As a result, Emeria's valuation declined in May 2026, driven by the weaker operating performance and a modest reduction in the valuation multiple applied, in line with public market comparables. The company continues to roll out its new operating model within the French RRES business, alongside ongoing initiatives to support organic growth. Against this backdrop, Partners Group remains supportive of Emeria and is aligned with management and the board on strategy, and the company does not currently face liquidity concerns.

Meanwhile, the portfolio's younger vintages remain an important source of value creation. More recent investments, such as Rosen Group and MPM Products, undertaken in 2024 and 2025 respectively, have shown encouraging early operating momentum, supported by resilient market positioning, and the application of Partners Group's value creation approach from the outset of ownership.

PGPE Ltd maintained a robust liquidity profile at month-end, with cash and cash equivalents of EUR 68.8 million as of 31 May 2026. Following the payment of the first interim dividend in June, the Company retains a comfortable cash position, complemented by its fully undrawn EUR 150.0 million credit facility, which provides additional balance sheet flexibility.

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 185 billion in investment programs under management in private markets, of which USD 86 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.