PEYS

Partners Group Private Equity Limited

Financial Services First-pass screen £484m

320/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 20

Valuation 25% 35

Downside protection 15% 55

First-pass take

PGPE Ltd is a closed-ended private equity fund with zero visibility into portfolio AI exposure. NAV declined 8.7% in 2025 with only 4.0% annualized returns over 5 years; shares trade at 19.6% discount to EUR 13.00 NAV. Fund vehicle structure precludes operating leverage entirely.

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