Partners Group Offers $780 Million Tender for Private Equity Fund Units

Members can participate in this tender offer by November 26, with payments based on year-end valuations.

October 30, 2024

Partners Group Announces Major Tender Offer for Private Equity Fund Units

Partners Group Private Equity (Master Fund), LLC has issued a tender offer for its members, allowing them to sell up to $780.6 million of fund units. This offer gives members the flexibility to tender their units for repurchase, with valuations pegged to the fund’s net asset value (NAV) as of December 31, 2024. Members have until November 26 to participate in the offer, and the payout process includes an initial distribution of approximately 95% of the value within 20 business days of the NAV determination. The remaining balance will be settled following the fund’s annual audit.

Structure of Payment and Eligibility Details

The tender offer provides a clear payment structure, ensuring a substantial upfront payout to participating members. Upon the NAV valuation, members will receive an estimated 95% of the tendered unit value, enabling liquidity while awaiting the final payment. The subsequent balance payment is expected once the fund completes its annual audit, which aligns with common private equity fund procedures. The filing details various fees, eligibility guidelines, and procedural requirements for the tender, ensuring that members fully understand the terms before participating.

Timing and Strategic Implications for Members

With the NAV-based valuation anchored at year-end, this tender offer comes at a strategic time, providing members an opportunity to liquidate or rebalance their investments as they see fit. Partners Group's offer may appeal to members looking for flexibility or those seeking to capitalize on current NAV levels. This tender process also reflects the fund’s commitment to providing liquidity options to its investors, a valuable feature in the private equity landscape where asset liquidity is often limited.

Conclusion and Next Steps for Interested Members

Members interested in the tender offer are encouraged to review the specific procedures and eligibility criteria outlined in the provided materials. By acting within the November 26 deadline, they can benefit from a structured exit strategy aligned with Partners Group's management standards. This tender offer represents a significant liquidity event within the Partners Group Private Equity Master Fund, setting a benchmark for investor support in private equity funds.