Partners Group exits bubble-tea brand Gong cha after Bain buyout

Megawati Wijaya / Bloomberg08-24

The Swiss-based private asset manager said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. (Aug 24): Partners Group will exit its private credit investment ...

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(Aug 24): Partners Group will exit its private credit investment ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/partners-group-exits-bubble-tea-brand-gong-cha-after-bain-buyout?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Partners Group exits bubble-tea brand Gong cha after Bain buyout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPartners Group exits bubble-tea brand Gong cha after Bain buyout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-24 02:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/news/partners-group-exits-bubble-tea-brand-gong-cha-after-bain-buyout?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Megawati Wijaya / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Swiss-based private asset manager said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. (Aug 24): Partners Group will exit its private credit investment ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/news/partners-group-exits-bubble-tea-brand-gong-cha-after-bain-buyout?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SDEF","symbol_name":"Sound Enhanced Fixed Income ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/news/partners-group-exits-bubble-tea-brand-gong-cha-after-bain-buyout?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2661272081","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/news/partners-group-exits-bubble-tea-brand-gong-cha-after-bain-buyout?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2661272081","pubTimestamp":1787511116,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The Swiss-based private asset manager said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SDEF":"Sound Enhanced Fixed Income ETF","PSQO":"Palmer Square Credit Opportunities ETF","PRIV":"SPDR SSGA APOLLO IG PUBLIC & PRIVATE CREDIT ETF","DYLD":"LeaderShares Dynamic Yield ETF","AFIF":"Anfield Universal Fixed Income Etf","BDCX":"ETRACS Quarterly Pay 1.5x Leveraged MarketVector BDC Liquid Index ETN","DVDN":"KINGSBARN DIVIDEND OPPORTUNITY ETF","FBDC":"FT Confluence BDC & Specialty Finance Income ETF","BDCZ":"ETRACS MarketVector Business Development Companies Liquid Index ETN","LBO":"WHITEWOLF PUBLICLY LISTED PRIVATE EQUITY ETF","PEVC":"PACER PE/VC ETF","BIZD":"VanECk BDC Income ETF","AAUM":"Tema Alternative Asset Managers ETF","REDS":"RPM Republican Senate ETF","NBFC":"Neuberger Berman Flexible Credit Income ETF","PCLO":"Virtus SEIX AAA Private Credit CLO ETF","RSF":"RIVERNORTH CAPITAL AND INCOME","LRCY":"IncomeShares Lam Research LRCX Options ETP","PCMM":"BondBloxx Private Credit CLO ETF","VPC":"Virtus Private Credit Strategy ETF","KAMO":"Kensington Credit Opportunities ETF","PLIB":"Direxion PLTR Defined Income Boost ETF","PRSD":"STATE STREET SHORT DURATION IG PUBLIC & PRIVATE CREDIT ETF","PSP":"全球私募股权ETFETF-PowerShares","DADS":"Digital Asset Debt Strategy ETF","PBSC":"Pacer Barings Secured Credit Flex ETF","OOSP":"Obra Opportunistic Structured Products ETF","KI":"Corgi Kioxia 2x Daily ETF","CCIF":"CARLYLE CREDIT INCOME FUND"},"translate_title":"贝恩收购后，Partners Group退出泡沫茶品牌贡茶","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VPC":0.9,"DYLD":0.86,"FBDC":0.86,"PCMM":0.86,"PLIB":0.9,"BIZD":0.86,"DVDN":0.86,"AAUM":0.86,"AFIF":0.86,"LBO":0.86,"KI":0.86,"NBFC":0.86,"PEVC":0.9,"SDEF":0.86,"BDCX":0.86,"PBSC":0.86,"KAMO":0.86,"OOSP":0.86,"PSP":0.86,"RSF":0.86,"BDCZ":0.86,"PCLO":0.86,"DADS":0.86,"PRSD":0.86,"PSQO":0.86,"REDS":0.86,"PRIV":0.86,"LRCY":0.9,"CCIF":0.86},"content_text":"The Swiss-based private asset manager said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. (Aug 24): Partners Group will exit its private credit investment in Gong cha after Bain Capital bought the Taiwanese bubble-tea brand from TA Associates this month.\nThe Swiss-based private asset manager said it has entered an agreement to be fully repaid, according to a document seen by Bloomberg. Partners Group in 2019 had provided a financing package of more than US$200 million to support TA Associates' acquisition of Gong cha and also took a minority equity stake.\nThe returns on the investment were not disclosed. \nWhile private credit is growing in Asia Pacific, the region that still makes up only a small portion of the global US$1.8 trillion market. Its immediate outlook also faces a number of challenges. Economic uncertainty, geopolitical tensions, and elevated interest rates are set to slow growth in private credit fundraising in the region as investors become more wary of illiquid assets, Moody's Ratings said in a report last month.\nWhile exiting its Going cha position, Partners Group is seeking further investment opportunities in Asia, as its customers look to diversify away from the US, global head of private debt Andrew Bellis said in an interview last week.  \n\nThe asset manager has already deployed several billion dollars in Asia across more than 50 private credit investments over the past 15 years, with most of those in the past five to seven years, he said.\n\"What we're seeing is more clients looking to make dedicated allocations to Asia private credit,\" Bellis said.\nPartners Group recently closed a US$1 billion private credit mandate with a major institutional investor in Asia, including a discretionary tranche that it will manage, as well as co-investment capital, it announced last week. The company currently oversees about US$6 billion in private credit assets in the region.\nPartners currently favours high-performing, defensive or less cyclical companies, and is steering away from some of the hottest areas of Asian financing, Bellis said.\nData-centre and GPU financing - which refers to financing to enable companies to acquire advanced technology - is less of a focus, he said, with Partners Group instead targeting \"real economy\" businesses. Recent investments have included education and corporate services companies.\nUploaded by Liza Shireen Koshy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661272081","isCrawlerRequest":true}