Tender Offer - Partners Group Private Equity (Master Fund), LLC
Form Type: SC TO-I/A
Filing Date: 2025-03-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834425006083
Filing Summary: Partners Group Private Equity (Master Fund), LLC filed a final amendment to their Tender Offer Statement to report the results of their issuer tender offer, originally published on October 29, 2024. The offer allowed the Fund to purchase limited liability company units up to an aggregate amount of $780,600,000. Members wishing to participate in the tender were required to submit their tenders by 11:59 p.m. Eastern Time on November 26, 2024. A total of 1,545 Members validly tendered units that were accepted by the Fund, reflecting a net asset value of $443,709,554.50 as of December 31, 2024. Payment for the purchased interests was made via promissory notes for those who did not sell their entire interests, with cash payments wired to designated accounts. Members selling their entire interests received at least 95% of their unaudited net asset value with a contingent payment, or Post-Audit Payment, to follow based on the next annual audit.
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Additional details:
Date Tender Offer First Published: 2024-10-29
Number Of Members Validly Tendered: 1545
Net Asset Value Units Tendered: 443709554.50
Payment Mechanism: promissory notes
Number Members Partially Tendered: 532
Number Members Fully Tendered: 1013
Percentage Initial Payment: 95%
Form Type: SC TO-I
Filing Date: 2025-01-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000139834425001090
Filing Summary: Partners Group Private Equity (Master Fund), LLC is initiating a tender offer to purchase its limited liability company interests ("Units") from its Members. The offer is up to 5.00% of the net assets of the Fund, amounting to approximately $794,000,000, based on 377,196,393 Units outstanding as of November 30, 2024. Members can tender their Units until 11:59 p.m. Eastern Time on February 24, 2025. The price will be determined according to the net asset value calculated as of the Valuation Date, which will be March 31, 2025, or a later date if the offer is extended. Members who tender Units held for less than 12 months may incur a 2.00% Early Repurchase Fee. The Fund intends to pay for the Units using cash on hand, proceeds from securities sales, or through borrowings. Members retaining their Units may face increased risks, potentially higher costs due to a reduction in the Fund's aggregate assets. Furthermore, tendered Units will be retired, however, the Fund may issue new Units from time to time. The purpose of the tender offer is to provide liquidity to Members.
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Additional details:
Tender Offer Amount: 5.00% of net assets (approx. $794,000,000)
Units Outstanding: 377,196,393
Initial Due Date: 2025-02-24
Valuation Date: 2025-03-31
Early Repurchase Fee: 2.00% if held for less than 12 months
Fund Principal Office: 1114 Avenue of the Americas, 37th Floor, New York, NY 10036
Offer Expiration Time: 2025-02-24, 11:59 p.m. Eastern Time
Form Type: SC TO-I/A
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: Update
Accession Number: 000139834424023509
Filing Summary: This document is a final amendment regarding the issuer tender offer by Partners Group Private Equity (Master Fund), LLC, originally filed on July 30, 2024. The Fund offered to purchase units of limited liability company interests in an aggregate amount of up to $756,600,000. Members of the Fund were required to submit their tenders by 11:59 p.m. August 26, 2024. As of that date, 1,297 Members validly tendered their units, which were accepted for purchase. The net asset value of the tendered units was calculated at $315,171,637.41 as of September 30, 2024. Payment for the accepted tenders was issued in the form of promissory notes, with different payment structures for those who tendered partial versus full interests. Members received at least 95% of their unaudited net asset value for the interests rendered, along with a contingent payment based on the final valuation after the next annual audit.
Document Link: View Document
Additional details:
Date Tender Offer First Published: 2024-07-30
Number Of Members Tendered: 1297
Net Asset Value Tendered: 315171637.41
Promissory Notes Held By: State Street Bank and Trust Company
Members Partial Interest: 510
Members Full Interest: 787
Initial Payment Percentage: 95%
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