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People - JULY 19, 2024

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Partners Group hires former BlackRock COO, eyes up to $25b of client demand in 2024

by Kali Persall

Partners Group, one of the largest firms in the global private markets industry, has appointed Michael Marquardt to its executive team.

Marquardt will be based in Singapore and serve as partner and head of business services at Partners Group. He joined the firm in March from IQ-EQ, a global service provider using advanced technology to offer administration, compliance and reporting solutions for the investment sector, and served as regional CEO for Asia.

Previously, Marquardt was the Asia Pacific COO at BlackRock for 17 years.

Partners Group is anticipating long-term, sustainable growth in the private markets industry, supported by strong structural tailwinds and increasing growth in client demand, according to the firm’s Outlook H2 2024. In particular, the shift to tailored mandates and growing demand from individual investors for private markets solutions are expected to drive future growth for the industry, according to Partners Group.

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