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<!-- HIDDEN PREHEADER TEXT -->
<div style="display: none; mso-hide: all; width: 0px; height: 0px; max-width: 0px; max-height: 0px; font-size: 0px; line-height: 0px;">
In private markets, it is not enough to deliver superior performance. We believe investors deserve strategies that can deliver for them consistently—across all kinds of market conditions.
In private markets, it is not enough to deliver attractive performance. We believe investors deserve strategies
that can deliver for them consistently—across all kinds of market conditions.
</div>
<table width="800" align="center" role="presentation" cellpadding="0" cellspacing="0" style="background-color: white; border: 2px solid #f0f0f0;">
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<img width="800" height="auto" src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C68d9811a-f042-437c-949a-b392df386420.png?sv=2018-03-28&sr=b&sig=XKf0SiY1ifmV0VeR3Iq8O3SeQITThPxySXfhKPx%2BYmk%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="Partners Group - In volatile times, you need investments built for any market" style="display: block;" />
<img width="800" height="auto" src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C8e5caf75-1730-4f78-ba9d-fb9a018e5aa7.png?sv=2018-03-28&sr=b&sig=FkoTe0%2FEK8Z%2FarPZChG9qNWN41tJvZYSpioJ1np8Y5I%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="Partners Group - Hands-on ownership delivers investments built for any market" style="display: block;" />
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@@ -108,53 +137,68 @@
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<tr>
<td class="intro">
<h1 class="f-gray">
In private markets, it is not enough to deliver superior performance. We believe investors deserve strategies that can deliver for them consistently—across all kinds of market conditions.
<h1 class="f-gray" style="color: #5C5B59; font-weight: normal; font-size: 14px;">
In private markets, it is not enough to deliver attractive performance. We believe investors deserve strategies
that can deliver for them consistently—across all kinds of market conditions.
</h1>
</td>
</tr>
</tbody>
</table>
<table width="800" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="padding: 0 34px;">
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<td width="100%" style="padding: 50px 15px 40px">
<p style="font-size: 30px; max-width: 586px; margin: 0 auto; color: #886c4c" class="f-gray text-center">
Partners Group Private Equity Funds<br>are built with resilience in mind.<sup>1</sup>
<td width="100%" style="padding: 25px 0 40px">
<p style="font-size: 30px; max-width: 700px; margin: 0 auto; color: #886c4c; padding: 0 13px;" class="f-gray text-center">
Partners Group Private Equity Funds are built with resilience in mind.<sup><small>1</small></sup>
</p>
</td>
</tr>
<tr>
<td>
<table border="0" cellpadding="0" cellspacing="0" class="row-content" role="presentation" style="letter-spacing: 0px; margin: 0 auto; line-height: 20px; padding: 0 0 52px;">
<table style="width: 732px; padding: 0 34px;" class="graphic-wrapper">
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<!-- col 1 -->
<td style="width: 25%;">
<div class="f-red text-center">50</div>
<div class="line"></div>
<div class="fw-bold f-gray text-center">Direct investments <br> in portfolio companies</div>
<td class="stack-column no-padding-mobile" style="padding-right: 45px; text-align: center;">
<img src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C02472380-d273-4dd0-8207-a199b3430938.png?sv=2018-03-28&sr=b&sig=HoYbpdQMkPpHe0kztqzUDljPtsrqWk1LTIEXAnrJec8%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" width="297" alt="The PG Approach" />
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<!-- col 2 -->
<td style="padding-left: 8px; width: 25%;">
<div class="f-red text-center">13</div>
<div class="line"></div>
<div class="fw-bold f-gray text-center">Vintages of <br> direct holdings</div>
</td>
<!-- col 3 -->
<td style="padding-left: 8px; width: 25%;">
<div class="f-red text-center">34</div>
<div class="line"></div>
<div class="fw-bold f-gray text-center">Sub-sectors <br> represented</div>
</td>
<!-- col 4 -->
<td style="padding-left: 8px; width: 25%;">
<div class="f-red text-center">&lt;2.5% </div>
<div class="line"></div>
<div class="fw-bold f-gray text-center">Concentration in<br />any single investment</div>
<td class="stack-column">
<table>
<tbody>
<tr>
<td style="width: 60px; vertical-align: top; padding-top: 13px;">
<img src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C6f2dc1f6-fcca-4b82-89ee-23dd91b39fe9.png?sv=2018-03-28&sr=b&sig=cFJUnM7fTcrM5LYuBddxNXo27XgrNov22ZGfHEV5aLk%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="" />
</td>
<td>
<p style="color: #5C5B59; font-weight: normal; font-size: 14px;"><strong>Thematic Sourcing</strong><br>Focusing on high-conviction sectors and winning business models.</p>
</td>
</tr>
<tr>
<td style="width: 60px; vertical-align: top; padding-top: 13px;">
<img src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C3891c8b3-5d75-4123-a1a7-4dce72c16686.png?sv=2018-03-28&sr=b&sig=FZrDKMfF0NGDvQUOWEUAh4EcWL7yd5RkTzafEcGVcMs%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="" />
</td>
<td>
<p style="color: #5C5B59; font-weight: normal; font-size: 14px;"><strong>Robust Due Diligence</strong><br>Identifying companies we can operate successfully from Day 1.</p>
</td>
</tr>
<tr>
<td style="width: 60px; vertical-align: top; padding-top: 13px;">
<img src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5C6e657c19-037a-4c06-8124-c87cae827c67.png?sv=2018-03-28&sr=b&sig=PIuDXhFgC0BMKc%2Bh63YnyclMhpQArxJPCNtkMIAaHiM%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="" />
</td>
<td>
<p style="color: #5C5B59; font-weight: normal; font-size: 14px;"><strong>Disciplined Value Creation</strong><br>Leveraging a bespoke playbook to uncover value in every company.</p>
</td>
</tr>
<tr>
<td style="width: 60px; vertical-align: top; padding-top: 13px;">
<img src="https://dcmarketingprivateeu.blob.core.windows.net/filelibrary/600%5Cc3909917-e15c-4308-a4f7-9ef171370f04.png?sv=2018-03-28&sr=b&sig=DyR%2BpC804mCEERhJ2Ntu2KKQ%2FaBBRjiy7OGucLaLWLU%3D&se=9999-12-31T23%3A59%3A59Z&sp=r" alt="" />
</td>
<td>
<p style="color: #5C5B59; font-weight: normal; font-size: 14px;"><strong>Focus on Exit</strong><br>Supporting consistent and meaningful returns for our investors.</p>
</td>
</tr>
</tbody>
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@@ -167,8 +211,8 @@
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<td style="padding: 34px 34px 10px; line-height: 26px;">
<p>We undertake deep thematic research to identify high-conviction sub-sectors supported by resilient long-term global trends. Combined with entrepreneurial governance and disciplined value creation, we are able to craft a more resilient approach to private equity investing.</p>
<td style="padding: 60px 34px 10px; line-height: 26px;">
<p style="color: #5C5B59; font-weight: normal; font-size: 14px;">Partners Group is built differently, allowing us to create attractive investment solutions and deliver core private market building blocks for a wide range of investors.</p>
</td>
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@@ -179,7 +223,7 @@
<tr>
<td style="padding: 0 16px 20px">
<p style="color:#886c4c; text-align: center; font-size: 30px;">
Partners Group has shown its ability to consistently<br />deliver for its investors, across market cycles.
Partners Group offers investors transformational investments—available to all our clients.<sup><small>2</small></sup>
</p>
</td>
</tr>
@@ -188,9 +232,9 @@
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<td bgcolor="#e6443a" style="border-radius: 50px; padding: 10px 30px; display:inline-block;">
<a href="https://www.partnersgroup.com/~/media/Files/P/Partnersgroup/Universal/perspectives-document/pg-mythbusters-2-0224.pdf"
style="display:inline-block; background-color:#e6443a; color:white; font-size:20px; font-weight:bold; line-height:45px; text-align:center;text-decoration:none; border-radius:50px;">
<td bgcolor="#D92B2B" style="border-radius: 50px; padding: 10px 30px; display:inline-block;">
<a href="https://www.youtube.com/watch?v=q-s1RH3HoIc"
style="display:inline-block; background-color:#D92B2B; color:white; font-size:20px; font-weight:bold; line-height:45px; text-align:center;text-decoration:none; border-radius:50px;">
See how we build differently
</a>
</td>
@@ -202,9 +246,9 @@
<tr>
<td align="center" style="padding: 26px 15px;" class="f-gray">
To learn more, contact your
<a href="mailto:privatewealtheurope-support@partnersgroup.com" target="_blank" style="color: #e6443a; font-weight: bold;">&nbsp;Partners Group Representative&nbsp;</a>
<a href="mailto:USPrivateWealthDesk@PartnersGroup.com" target="_blank" style="color: #D92B2B; font-weight: bold;">&nbsp;Partners Group Representative&nbsp;</a>
or
<a href="https://www.partnersgroup.com/en/our-solutions/private-wealth" target="_blank" style="color: #e6443a; font-weight: bold;">&nbsp;visit our website</a>.
<a href="https://www.partnersgroup.com/en/our-solutions/private-wealth" target="_blank" style="color: #D92B2B; font-weight: bold;">&nbsp;visit our website</a>.
</td>
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<td style="padding: 12px 25px 6px;">
<a href="https://link.dealclouddispatch.com/asm/?user_id=28776154&data=2vk7LFr1Wq9nvpQIXPjl2CerbaajJ8Krd3gggGV5RsxoMDAwdTAwMFMgRzbeR5jn0WikJIva1U53xd17c-xGIYALsDU8jHFOUqGMBRTYoGhE4tOH_6HM0ormf7s99LGjO_XjrctqsrGlh8pbcXD5YUiGJKz7RWa1s--SLDTKUOrwQ5NRF74B2t7LCsZSWggbM3u9SwNqMDxxGIU-hDgmVMp4-dnRUsQvxa-35ylO70NivAnnsc-mwnZon9YCKb6G3HycFrcv3Tjd3Tbsg9lOYru_BWBON0qL3jNV5EuKWuogO4SzA-Ne6SHLFcvvGLujPZ03HVVDC9ML7FHxs4NHGr20lufJgktnryklJ_G54mWmVNjZZXDJCaa26gGSMjZ0EAuGHM40zmt8IM1gGddXNGQ2tCd2xDUlegDMnMkYnECpashwJmtnz2CyspFjD-pL-uVBeKPt5_DwzdTCj-YO-63P6woIiBSU9whGAcwIOAOy4iDzTXqwWkYTHBTB-39451ebA0W3-LAw5wO9gfeEWF2rS5WQ1o_Qd7WGKopY6mMtWYKf9mbPCnfwrvx6dFxS9ZF5bhxBDZAyDVDIDKVex56ST354VLhH" style="color:#886c4c; font-size: 14px; font-weight: bold;">Unsubscribe</a>&nbsp;|&nbsp;<a href="mailto:privatewealtheurope-support@partnersgroup.com" style="color:#886c4c; font-size: 14px; font-weight: bold;">Contact Us</a>
<a href="https://link.dealclouddispatch.com/asm/?user_id=28776154&data=2vk7LFr1Wq9nvpQIXPjl2CerbaajJ8Krd3gggGV5RsxoMDAwdTAwMFMgRzbeR5jn0WikJIva1U53xd17c-xGIYALsDU8jHFOUqGMBRTYoGhE4tOH_6HM0ormf7s99LGjO_XjrctqsrGlh8pbcXD5YUiGJKz7RWa1s--SLDTKUOrwQ5NRF74B2t7LCsZSWggbM3u9SwNqMDxxGIU-hDgmVMp4-dnRUsQvxa-35ylO70NivAnnsc-mwnZon9YCKb6G3HycFrcv3Tjd3Tbsg9lOYru_BWBON0qL3jNV5EuKWuogO4SzA-Ne6SHLFcvvGLujPZ03HVVDC9ML7FHxs4NHGr20lufJgktnryklJ_G54mWmVNjZZXDJCaa26gGSMjZ0EAuGHM40zmt8IM1gGddXNGQ2tCd2xDUlegDMnMkYnECpashwJmtnz2CyspFjD-pL-uVBeKPt5_DwzdTCj-YO-63P6woIiBSU9whGAcwIOAOy4iDzTXqwWkYTHBTB-39451ebA0W3-LAw5wO9gfeEWF2rS5WQ1o_Qd7WGKopY6mMtWYKf9mbPCnfwrvx6dFxS9ZF5bhxBDZAyDVDIDKVex56ST354VLhH" style="color:#886c4c; font-size: 14px; font-weight: bold;">Unsubscribe</a>&nbsp;|&nbsp;<a href="mailto:USPrivateWealthDesk@PartnersGroup.com" style="color:#886c4c; font-size: 14px; font-weight: bold;">Contact Us</a>
</td>
</tr>
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<td style="padding: 60px 25px 16px;">
<p style="margin: 0; color:#5c5b59; font-size: 13px;"><sup>1</sup>Investments notes are those on our evergreen platform: Partners Group Private Equity 'Master Fund', LLC (PGPE), Global Value SICAV, and Partners Fund Trust. As of April 2025. The programs listed above contain various investment structures, denominated in various currencies to accommodate client needs. Not all structures are offered in each geographical jurisdiction; please refer to the details of each investment structure contained in the constituent documents of each program for further information.</p>
<p style="margin: 0; color:#5c5b59; font-size: 13px;"><sup>1</sup> <strong>Past performance is not indicative of future results.</strong> There is no assurance that similar investments will be made or that similar results will be achieved. Investments are speculative and will involve significant risks, including loss of the entire investment and lack of transparency.</p>
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<td style="padding: 0 25px 16px;">
<p style="margin: 0; color:#5c5b59; font-size: 13px;">The information contained in this message is for the intended recipient's use only. It may contain confidential, proprietary or legally privileged information. No confidentiality or privilege is waived or lost by any error in transmission. If you receive this message in error, please immediately delete it and all copies of it from your system, destroy any hard copies of it and notify the sender. You must not, directly or indirectly, use, disclose, distribute, print or copy any part of this message if you are not the intended recipient. Any views expressed in this message are those of the individual sender, except where the message states otherwise and the sender is authorized to state them to be the views of the entity.</p>
<p style="margin: 0; color:#5c5b59; font-size: 13px;"><sup>2</sup> The term "transformational" may be conceptual and change over time. The concept of "transformational investing" is subject to different interpretations and may vary differently.</p>
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<td style="padding: 40px 25px 16px;">
<p style="margin: 0; color:#5c5b59; font-size: 13px; font-weight: bold">For Financial Professional use only. Not for use with retail investors.</p>
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