Private Equity

Partners Group Private Equity (Master Fund)

Formation2018

CategoryTender Offer Fund

SEC Filing ↗

Net Assets

$16.7B

NAV YoY

+7%

Portfolio Composition

Investment Type

Direct Investments

63.82%

Secondary Investments

16.94%

Other

2.98%

Primary Investments

13.96%

Common Stocks

4.89%

High Yield Bonds

0.81%

Asset-Backed Securities

0.49%

Floating Rate Loans

2.07%

Geography

North America

53.00%

Europe

38.00%

Asia-Pacific

6.00%

Other

3.00%

Strategy

Private Equity

35.00%

Private Infrastructure

20.00%

Private Debt and Other Investments

45.00%

Portfolio composition data sourced from regulatory filings.

Deeper Analysis

Institutional intelligence and portfolio transparency

Reported as of September 2025

Principal Portfolio Holdings

Holding	Value	Allocation
Icebox Parent LP direct equity investment in North America	$330.5M	1.98%
Zenith Longitude Limited direct equity investment in Asia-Pacific	$322.0M	1.93%
Unit4	$316.9M	1.90%
Proprietary Exposure	---	---
Proprietary Exposure	---	---

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About This Fund

The Partners Group Private Equity Master Fund is a '40 Act registered closed-end investment vehicle managed by Partners Group. It invests across direct investments, primary and secondary private equity funds, and listed private equity vehicles. The fund maintains global diversification across North America, Europe, Asia, and emerging markets while spanning buyout, venture capital, and special situations strategies. The fund offers quarterly repurchase opportunities and seeks attractive long-term capital appreciation through a diversified private equity portfolio.