Partners Group says no plans for new liquidity curbs for evergreen funds

June 12 (Reuters) - Switzerland's Partners Group said on Friday it had no plans to impose additional liquidity restrictions or freeze any of its evergreen investment vehicles, rejecting what it described as unfounded market rumors.

Its shares suffered their worst-ever pummeling on the stock exchange on June 3 on news that Partners was capping withdrawals from an $8.6 billion private equity fund that saw clients demand their money back over worries of flagging investments.

A day later, sources said Partners Group planned to gate an even bigger U.S. fund that also saw withdrawals accelerate in part driven by fears assets could be overvalued.

Three other mature evergreen funds, with a total $9.7 billion in assets, anticipated redemptions of between 3.5% and 5%, the Zug-based company said on June 4.

Evergreen investment funds do not have a fixed end date and are designed to operate continuously, rather than winding down after a set period.

Partners said on Friday it has "no intention of altering any documented liquidity mechanisms" and that its evergreen funds remain well positioned, with portfolios it described as healthy and liquidity aligned with target allocations.

The two evergreen funds referenced in market speculation have delivered strong performance, generating around 15% in realizations in 2025, with similar expectations for 2026, the company added. Both vehicles continue to invest and remain open to new subscriptions, Partners said in a statement.

Alec Zimmermann, a spokesperson for Partners Group, reiterated on Friday that the assurance applies to all of its funds, not just the two vehicles where redemption caps of 5% have been indicated.

Partners, which oversees $185 billion in assets, also reiterated its previously issued financial guidance without providing further detail.

Concerns about the performance of Partners Group, particularly its evergreen funds, have been growing for months.

Withdrawals steadily crept up this year. In April, short seller Grizzly Research published a report alleging that Partners had overvalued some investments that had fared only modestly. Partners Group has vigorously rejected Grizzly's claims.

(Reporting by Elisa Martinuzzi, Rhea Rose Abraham and Mrinmay Dey; Editing by Joyjeet Das)