Partners Group Finance (USD) AG 4

What Happened

• Partners Group Finance (USD) AG, an affiliate of the issuer's adviser, reported a sale of 2,744,237.102 units of Partners Group Next Generation Infrastructure, LLC on July 1, 2026. The units were disposed at $1.82 per unit for a total proceeds of $4,994,512. This was a sale (not a purchase), and the Form 4 indicates the transaction was related to a request to tender units for redemption.

Key Details

• Transaction date and price: July 1, 2026 — 2,744,237.102 units sold at $1.82 each.
• Total value: $4,994,512.
• Transaction type: Sale (Form 4 code "S"); listed as open market or private sale.
• Shares/units owned after transaction: not specified exactly in the filing; the report states remaining ownership and amounts to be redeemed are estimated using the issuer's May 31, 2026 NAV (see footnote).
• Footnote: F1 — reporting person submitted a request to tender units as of July 1, 2026; amounts and post-transaction ownership are estimated using the May 31, 2026 NAV because a more current NAV was unavailable.
• Filing timeliness: Filed 2026-07-08 for a 2026-07-01 trade — appears late (filed 7 days after the transaction).

Context

• This is an institutional/affiliate transaction (affiliate of the adviser), not a trade by an individual executive; such sales can reflect redemptions or portfolio rebalancing rather than personal sentiment.
• The footnote indicates the sale is connected to a tender/redemption request, which commonly explains larger block sales by funds or affiliates.