ZUG, Switzerland (HedgeWorld.com) - Alternative asset management firm Partners Group announced today [Aug. 29] that assets under management grew to CHF 13.8 billion ($11.2 billion) by June 2006. This represents a rise of CHF 2.9 billion in the first six months of the year. Earlier this year, Partners listed on the SWX Swiss Exchange.

The company attributed the increase to a strong investment performance and higher than expected inflows. Private equity assets grew by CHF 2.1 billion, while hedge fund assets rose by CHF 500 million, with a CHF 100 million contribution from private debt and 200 million from wealth management.