Business · Companies · 15 hrs ago
Partners Group limits hedge funds’ access to debt at three portfolio firms
Partners Group is limiting hedge funds’ access to loans at three struggling companies in its portfolio: Emeria, Ammega and Breitling.
The Zug-based private equity investor says the restrictions are intended to protect ongoing refinancing and restructuring talks.
About €6 billion in debt is due in 2028 across the three companies.
Partners Group can use approved lender lists to decide which investors may buy the loans.
This makes it harder for distressed-debt investors to gain influence by buying debt cheaply, but also makes it harder for current lenders to sell their holdings.
Emeria is already discussing a debt change with its creditors, and Partners Group may need to provide more capital.
The talks are ongoing, while the debt is due for refinancing in 2028.
Partners Group is restricting hedge funds’ access to loans at three portfolio companies, according to a Bloomberg report cited by finews.ch.
The restrictions are intended to protect ongoing refinancing and restructuring talks.
Emeria, Ammega and Breitling have about 6 billion euros of debt due for refinancing in 2028.
Partners Group can use approved lender lists to determine which investors may buy the loans.
The limits may also make it harder for existing lenders to sell their positions.
- Who
- Partners Group is restricting access for hedge funds and other distressed-debt investors.
- What
- It is limiting which investors can buy loans at three portfolio companies.
- When
- The report was published on October 16, 2026.
- Where
- The affected portfolio companies are Emeria, Ammega and Breitling.
- Why
- Partners Group aims to protect ongoing refinancing and restructuring negotiations.
This story does not have two clearly opposing sides.
Partners Group said it had completed more than $49 billion in refinancing, capital raising and repricing across its private-equity portfolio since this year.
Debt of about 6 billion euros at Emeria, Ammega and Breitling is due for refinancing.
- Companies
- Emeria, Ammega and Breitling
- Debt
- About 6 billion euros
- Maturity
- 2028
- Mechanism
- Approved lender lists, also called white lists
- Partners Group activity
- More than $49 billion in refinancing, capital raising and repricing since 2024