Free Cash Flow at 30 Sep 2026 and Buyback Update
Partners Group Private Equity Ltd
08 October 2026
(LSE: PEYS/PEY)
Free Cash Flow as at 30 September 2026 and buyback update
Under the terms of the Company’s capital allocation policy adopted in March 2024, there was no Free Cash Flow available for buybacks as at 30 September 2026. Accordingly, the Board has not allocated additional capital to the Company’s share buyback programme. The Company currently has approximately EUR 4.8 million remaining to fund share buybacks, that has not been utilised further to the allocations made in October 2025 and April 2026. Notwithstanding the Free Cash Flow calculation as at 30 September 2026, the Board has approved an additional discretionary allocation of EUR 10 million for buybacks. The Company will seek to deploy this additional discretionary allocation, together with the remaining approximately EUR 4.8 million previously allocated to buybacks, over the period to 31 January 2027.
The Board is mindful that since the announcement of a proposed dual share class structure to address differing shareholder objectives and liquidity requirements on 18 June 2026, the hiatus created during the period that the proposed structure was being finalised and voted on, compounded by a continuing challenging period of performance, has contributed to selling pressure in the Company’s shares. The Board believes it is important that now the Company has commenced an orderly realisation of its entire investment portfolio with effect from the conclusion of the Company's Extraordinary General Meeting on 7 October 2026, and accordingly the capital allocation policy no longer applies, that capital is available to provide additional liquidity for buybacks, where appropriate, as the Company transitions into its realisation strategy.
Divestment and investment activity remained overall contained and balanced during the quarter ended 30 September 2026, with portfolio distributions totalling EUR 4.8 million, and investments totalling EUR 9.2 million. Whilst no Free Cash Flow was available for share buybacks at the end of the quarter, the Company’s liquidity position remained solid with c. EUR 29 million in cash and equivalents and a fully undrawn EUR 150 million credit facility.
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).
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Contacts Partners Group Private Equity Limited: pgpe-ltd@partnersgroup.com |
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Investor relations contact: Andreea Mateescu Phone: +41 41 784 66 73 E-mail: andreea.mateescu@partnersgroup.com
Media relations contact: E-mail: media@partnersgroup.com |
Registered Number: 35241LEI: 54930038LU8RDPFFVJ57
Notes:
- Note that references in this announcement to Partners Group Private Equity Limited have been abbreviated to "PGPE Ltd" or "Company". References to Partners Group AG have been abbreviated to "Partners Group" or "Investment Manager".
- 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 is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
- 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' website nor the contents of any website accessible from hyperlinks on PGPE Ltd' website (or any other website) is incorporated into, or forms part of, this announcement.
i www.partnersgroupprivateequitylimited.com
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