# Partners Group (USA) Inc.

> Partners Group (USA) Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 28, 2026.

- CRD: 145228
- Filed as: PARTNERS GROUP (USA) INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145228
- AdvisorCensus page: https://advisorcensus.com/firm/partners-group-usa-inc-new-york-ny-145228

## Quick answers

**How is Partners Group (USA) Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Partners Group (USA) Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Partners Group (USA) Inc. located?**
Partners Group (USA) Inc.'s principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Partners Group (USA) Inc. registered with the SEC or a state?**
Partners Group (USA) Inc. is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145228.

**How much does Partners Group (USA) Inc. manage?**
Partners Group (USA) Inc. reports $29,119,490,972 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (93% discretionary).

**How have Partners Group (USA) Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Partners Group (USA) Inc.: Regulatory assets under management: $12,661,623,176 in the October 2021 data and $29,119,490,972 in the October 2026 data, up 130%. Total employees: 333 in October 2021 and 431 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Partners Group (USA) Inc. serve?**
By number of clients on Form ADV Item 5.D: other (38); pooled investment vehicles (other than investment companies and business development companies) (15); investment companies (4).

**Does Partners Group (USA) Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145228

**What changed in Partners Group (USA) Inc.'s recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $29,119,490,972
- Discretionary: $26,953,129,312
- Non-discretionary: $2,166,361,660

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 4 | $16,547,523,557 |
| Business development companies | 1 | $274,842,967 |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $4,973,304,040 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $10,202,376 |
| Charitable organizations | Fewer than 5 | $39,735,374 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $1,145,864,724 |
| Corporations or other businesses not listed above | Fewer than 5 | $41,373,465 |
| Other | 38 | $6,086,644,469 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2007 (18 years)
- Employees: 431 total, 250 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, NY, TX
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145228

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Broomfield, CO
- Houston, TX
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- bsky.app/profile/partnersgroup.bsky.social
- partnersgroup.com
- Facebook @partnersgroupprivatemarkets
- Instagram @partnersgroupglobal
- LinkedIn @partners-group
- Threads @partnersgroupglobal
- X @partnersgroup
- YouTube @partnersgroup3414

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,661,623,176 | 333 | March 31, 2021 |
| October 2022 | $17,754,426,309 | 345 | June 1, 2022 |
| October 2023 | $21,404,110,544 | 410 | May 25, 2023 |
| October 2024 | $23,093,576,837 | 443 | May 24, 2024 |
| October 2025 | $27,517,369,647 | 449 | March 28, 2025 |
| October 2026 | $29,119,490,972 | 431 | July 28, 2026 |

Regulatory assets under management: $12,661,623,176 in the October 2021 data and $29,119,490,972 in the October 2026 data, up 130%.
Total employees: 333 in October 2021 and 431 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 267 to 250.

### December 2025
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Partners Group (USA) Inc. (CRD 145228): Form ADV filing data as of October 2026.