Partners Group (USA) Inc.

Registered investment adviser · New York, NY · CRD #145228

Form ADV data as of 2026-09-01

Regulatory assets

$29.12 billion

Total accounts

Employees

431

Disclosure events

Firm details

Website: https://www.partnersgroup.com/
Telephone: 212-908-2600
SEC file number: 801-68463
Most recent Form ADV filing: 2026-07-28
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$26.95 billion
Non-discretionary regulatory assets under management	$2.17 billion
Total regulatory assets under management	$29.12 billion
Discretionary accounts	58
Non-discretionary accounts	7
Total accounts	65
Regulatory assets under management attributable to non-U.S. persons	$3.14 billion

People

Total employees (excluding clerical)	431
Employees performing investment advisory functions (including research)	250
Employees who are registered representatives of a broker-dealer	57
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$2.59 billion
Clients for whom the firm has custody	17
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$7.67 billion
Clients for whom a related person has custody	53
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	14

How the firm is compensated

A percentage of assets under managementPerformance-based fees

Advisory services offered

Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Registered representative of a broker-dealerCommodity pool operator or commodity trading advisor

Affiliated related persons

Other investment adviser (including financial planners)Commodity pool operator or commodity trading advisorSponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner

Client types

Type of client	Clients	Assets
Investment companies	4	$16.55 billion
Business development companies	1	$274.8 million
Pooled investment vehicles (other than investment companies and BDCs)	15	$4.97 billion
Pension and profit sharing plans (not the participants or government plans)	Not reported	$10.2 million
Charitable organizations	Not reported	$39.7 million
State or municipal government entities (including government pension plans)	Not reported	$1.15 billion
Corporations or other businesses not listed above	Not reported	$41.4 million
Other	38	$6.09 billion