Partners Group Holding AG (PGPHF) Q2 2026 Guidance Call Transcript

Hello, everyone, and welcome to Partners Group's H1 2026 Business Update and Outlook Call. I'm Dave, CEO of Partners Group. And today, I'll be joined by Juri, President; and Roberto, our Head of Portfolio Solutions; Joris, our CFO; and Danica, will also be available if needed for the Q&A. Despite a somewhat mixed environment for the industry in H1, we're proud to have delivered numbers that continue to demonstrate that we are a highly differentiated all-weather investment firm. We added a record of $16 billion of total new assets in H1 with solid demand across a variety of asset classes and offerings. The diversification of our platform benefits us in a market like this. The investment side was a bit slower in the period. We deployed $9 billion in H1, new investments are often demanding high valuations, particularly in private equity, and we