ITEM 1. SCHEDULE OF INVESTMENTS.

The Schedule(s) of Investments is attached herewith.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited)

The unaudited consolidated schedule of investments of Partners Group Private Equity Fund, LLC (the “Fund”), a Delaware limited liability company that is registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end management investment company, as of June 30, 2026, is set forth below:

INVESTMENT PORTFOLIO AS A PERCENTAGE OF TOTAL NET ASSETS

Industry

Acquisition
Date

Fair
Value

Common Stocks (3.76%)

North America (2.22%)

American Tower Corp.

Communication

05/29/20

79,263

12,961,878

American Water Works Co., Inc.

Utilities

02/16/16

86,608

11,395,881

Apollo Global Management, LLC

Diversified Financial Services

09/05/23

132,212

15,642,002

Ares Management Corp.

Diversified Financial Services

06/28/19

132,072

14,700,934

Atmos Energy Corp.

Utilities

02/16/16

68,415

11,783,800

Blackstone Group, Inc.

Diversified Financial Services

07/12/19

80,851

9,508,078

Blue Owl Capital, Inc.

Financials

10/21/24

524,736

4,586,193

Brookfield Corp.

Diversified Financial Services

12/12/22

417,156

17,766,674

Canadian Pacific Railway Ltd

Transportation

11/19/25

87,426

7,547,753

CMS Energy Corp.

Utilities

11/01/19

148,075

11,327,737

CSX Corp.

Transportation

11/28/23

188,244

8,943,472

Equinix Inc.

Diversified Financial Services

07/31/20

13,382

13,949,263

HarbourVest Global Private Equity

Diversified Financial Services

12/21/18

314,986

14,000,929

KKR & Co., Inc.

Diversified Financial Services

02/16/16

104,195

9,559,891

Life Time Group Holdings, Inc.

Consumer Services

01/06/20

1,055,725

43,094,679

Old Dominion Freight Line, Inc.

Transportation

09/25/24

51,462

11,142,552

Onex Corp.

Diversified Financial Services

02/16/16

188,589

14,044,589

Republic Services Inc.

Commercial & Professional Services

08/28/17

60,828

12,956,972

Robinhood Markets, Inc.

Diversified Financial Services

06/15/26

8,252

827,428

SBA Communications Corp.

Real Estate

09/05/23

39,202

6,912,097

Sempra Energy

Utilities

06/28/23

116,559

10,802,688

TC Energy Corp.

Utilities

11/01/19

149,212

9,863,875

The Williams Companies, Inc.

Utilities

03/20/23

197,333

14,667,762

TPG Inc.

Financials

09/25/24

96,699

3,920,177

Union Pacific Corp.

Transportation

06/29/16

53,986

14,671,235

Waste Management Inc.

Utilities

07/02/20

53,209

11,853,901

Total North America (2.22%)

318,432,440

Western Europe (1.54%)

3i Group Plc

Diversified Financial Services

10/01/20

546,421

18,023,922

Aena SA

Transportation

12/21/18

368,531

11,229,987

AltaGas Ltd.

Utilities

12/17/25

169,688

6,248,538

Cellnex Telecom SA

Communication

05/15/19

605,864

19,327,696

CVC Capital Partners Plc

Financials

04/26/24

1,326,741

19,259,055

Elia System Operator SA/NV

Utilities

11/03/22

40,619

6,490,550

EQT AB

Diversified Financial Services

04/06/20

275,259

7,802,599

Eurazeo SA

Financials

12/12/16

238,292

10,889,235

Ferrovial SA

Industrials

04/15/24

153,490

10,519,299

HgCapital Trust PLC

Diversified Financial Services

02/12/16

2,447,598

12,275,881

Infrastrutture Wireless Italiane S.p.A.

Communication

09/26/24

544,305

3,832,376

Intermediate Capital Group PLC

Diversified Financial Services

12/12/16

872,369

19,538,600

Investment AB Latour

Financials

04/16/26

318,598

6,350,406

Investor AB

Diversified Financial Services

08/28/17

322,818

13,489,316

National Grid PLC

Utilities

02/12/16

733,462

12,145,433

NB Private Equity Partners Ltd.

Diversified Financial Services

11/06/19

319,232

6,116,379

Pantheon International Participations Plc

Diversified Financial Services

11/04/19

1,455,949

7,466,489

Terna Rete Elettrica Nazionale SpA

Utilities

01/05/18

1,067,293

12,491,906

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Industry

Acquisition
Date

Fair
Value

Common Stocks (continued)

Western Europe (continued)

Vinci SA

Transportation

02/12/16

122,216

17,845,720

Total Western Europe (1.54%)

221,343,387

Total Common Stocks (Cost $527,400,283)(3.76%)

539,775,827

	Interest	Acquisition Date	Maturity Date	Investment Type	Principal		Fair Value^**
High Yield Bonds (0.79%)
North America (0.17%)
Beach Acquisition Bidco, LLC ^{***, +}	5.25%	06/26/25	07/15/32	Senior	$	1,500,000		1,744,894
Camelot Return Merger Sub Inc. ^{***, +}	Cash 8.75% + SFvvv	07/20/22	08/01/28	Senior	$	1,500,000		889,552
Clarios Global LP / Clarios US Finance Co ^{***, +}	Cash 6.75% + SFvvv	01/14/25	02/15/30	Senior	$	400,000		411,910
Columbus McKinnon Corp. ^{***, +}	7.13%	01/22/26	02/01/33	Senior	$	640,000		630,790
Dotdash Meredith, Inc. ^{***, +}	7.62%	03/24/26	06/15/32	Senior	$	2,000,000		1,904,831
Electronic Arts, Inc. ⁺	3.50% + SF	03/24/26	03/24/33	Senior	$	2,300,000		2,314,950
Global Medical Response, Inc. ^{***, +}	7.37%	09/10/25	10/31/28	Senior	$	367,000		381,212
OAK-Eagle Acquireco, Inc. ^{***, +}	7.25%	03/24/26	07/01/33	Senior	$	500,000		523,444
Olympus Water US Holding Corporation ^{***, +}	4.25%	05/22/25	10/01/28	Senior	$	3,077,000		2,992,656
Radiology Partners, Inc. ^{***, +}	8.50%	06/26/25	07/15/32	Senior	$	3,554,000		3,728,371
Raven Acquisition Holdings LLC ^{***, +}	6.87%	10/14/24	11/15/31	Senior	$	1,200,000		977,824
UPCB Finance VII Ltd. ^{***, +}	3.63%	06/24/24	06/15/29	Senior	$	3,093,690		3,548,068
Verde Purchaser, LLC ^{***, +}	Cash 4.13%	05/06/25	11/15/28	Senior	$	5,000,000		4,951,085
Total North America (0.17%)								24,999,587
Western Europe (0.62%)
AccorInvest Group SA ^{***, +}	3.75% + E##	05/08/25	05/15/32	Senior	€	3,140,000		3,638,386
Albion Financing 1 S.a r.l. ^{***, +}	7.00%	01/07/25	05/21/30	Senior	$	1,062,000		1,097,532
Belron UK Finance PLC ^{***, +}	5.75%	10/02/24	10/15/29	Senior	$	3,667,000		3,686,074
Deuce Finco Plc ^{***, +}	7.00%	05/06/25	06/15/27	Senior	$	9,290,000		12,588,317
Dolcetto Holdco SPA ^{***, +}	5.63%	06/26/25	07/14/32	Senior	$	3,555,000		4,103,163
Dolcetto Holdco SPA ^{***, +}	3.63% + E##	06/25/25	07/14/32	Senior	€	2,630,000		3,031,797
Flos B&B Italia Spa ^{***, +}	3.88% + E##	05/14/25	12/17/29	Senior	€	5,000,000		5,753,449
Howden UK Refinance PLC ^{***, +}	7.25%	05/08/24	02/15/31	Senior	$	5,000,000		4,856,511
IMA Industria Macchine ^{***, +}	3.75%	06/20/24	01/15/28	Senior	$	6,000,000		6,860,814
ION Platform Finance S.à.r.l. ^{***, +}	7.88%	09/30/25	09/30/32	Senior	$	1,091,000		837,536
Mehilainen Yhtiot Oy ^{***, +}	5.13%	06/11/25	06/30/32	Senior	$	749,000		863,610
Mehilainen Yhtiot Oy ^{***, +}	3.38% + E##	06/11/25	06/30/32	Senior	€	1,817,000		2,094,543
Nidda Healthcare Holding GmbH ^{***, +}	3.25% + E##	10/01/25	10/15/32	Senior	€	3,803,000		4,358,487
Omnia Technologies SpA ^{***, +}	4.25% + E##	07/02/25	11/05/31	Senior	€	3,000,000		3,431,181
Opal Bidco SAS ^{***, +}	6.50%	03/31/25	03/31/32	Senior	$	3,333,000		3,395,104
Rossini S.à.r.l. ^{***, +}	6.75%	07/11/24	12/31/29	Senior	$	906,000		1,074,142
Rossini S.à.r.l. ^{***, +}	3.875% + E##	07/11/24	12/31/29	Senior	€	2,840,000		3,281,194
Sherwood Financing PLC ^{***, +}	5.55% + E##	11/28/24	12/15/29	Senior	€	4,800,000		5,534,020
Teamsystem S.P.A. ^{***, +}	5.00%	06/18/25	07/01/31	Senior	$	2,418,000		2,642,723
Teamsystem S.P.A. ^{***, +}	3.25% + E##	06/18/25	07/01/32	Senior	€	4,078,000		4,550,228
TeamSystem SpA ^{***, +}	3.50%	06/20/24	02/15/28	Senior	$	6,000,000		6,857,982

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

High Yield Bonds (continued)

Western Europe (continued)

TeamSystem SpA ^{***, +}

3.50% + E##

07/17/24

07/31/31

Senior

€

3,830,000

4,329,339

Total Western Europe (0.62%)

88,866,132

Total High Yield Bonds (Cost $111,734,085)(0.79%)

113,865,719

Asset-Backed Securities (0.49%)

North America (0.42%)

Ballyrock CLO 18 Ltd ^{***, +}

5.75% + SFvv

03/21/25

04/15/38

Series 2021-18A, Class DR

2,260,000

2,086,827

Ballyrock CLO 22 Ltd ^{***, +}

5.75% + SFvv

05/29/26

07/15/39

Series 2024-22A, Class DR

1,500,000

1,503,764

Ballyrock CLO 28 Ltd ^{***, +}

5.00% + SFvv

02/19/26

01/20/38

Series 2024-28A, Class D

1,000,000

988,839

Benefit Street Partners CLO X ^{***, +}

5.00% + SFvv

02/12/26

07/20/38

Series 2016-10A, Class DR3

2,820,000

2,777,498

Benefit Street Partners CLO XXV Ltd ^{***, +}

0.00% + SFvv

12/17/25

01/15/35

Series 2021-25A, Class SUB

2,383,993

1,275,464

Benefit Street Partners CLO XXXIV Ltd ^{***, +}

6.00% + SFvv

03/22/24

07/25/37

Series 2022-26A, Class ER

3,000,000

2,948,543

Benefit Street Partners CLO XXXIV Ltd. ^{***, +}

6.70% + SFvv

03/22/24

07/25/37

Series 2024-34A, Class E

1,000,000

1,012,882

Benefit Street Partners CLO XXXIV Ltd. ^{***, +}

10.37%

03/22/24

07/25/37

Series 2024-34A, Class SUB

2,500,000

1,465,100

CIFC Funding 2019-I Ltd ^{***, +}

5.75% + SFvv

03/18/26

10/20/37

Series 2019-1A, Class ER

1,500,000

1,471,779

CIFC Funding 2019-VI Ltd. ^{***, +}

6.25% + SFvv

05/22/24

07/16/37

Series 2019-6A, Class ER

1,200,000

1,191,542

CIFC Funding 2020-I Ltd ^{***, +}

5.50% + SFvv

05/01/26

07/15/39

Series 2020-1A, Class ER2

1,000,000

1,003,636

CIFC Funding 2021-I Ltd. ^{***, +}

6.00% + SFvv

06/03/24

07/25/37

Series 2021-1A, Class ER

2,500,000

2,484,369

CIFC Funding 2021-IV Ltd. ^{***, +}

6.20%+ SFvv

04/08/25

07/23/37

Series 2021-4A, Class ER

1,000,000

999,370

CIFC Funding 2021-VI Ltd ^{***, +}

5.35% + SFvv

09/22/21

10/15/34

Series 2021-6A, Class ER

3,000,000

3,007,346

CIFC Funding 2022-III Ltd ^{***, +}

6.50% + SFvv

02/13/26

04/21/35

Series 2022-3A, Class ER

1,000,000

982,667

CIFC Funding 2024-II Ltd. ^{***, +}

0.00% + SFvv

04/01/24

04/22/37

Series 2024-2A, Class SUBB

3,000,000

1,766,130

CIFC Funding 2026-I Ltd ^{***, +}

4.30% + SFvv

01/30/26

04/25/39

Series 2026-1A, Class E

2,000,000

1,971,205

Elmwood CLO 23 Ltd ^{***, +}

5.40% + SFvv

05/21/26

07/16/39

Series 2023-2A, Class ER2

2,500,000

2,506,371

Elmwood CLO 28 Ltd. ^{***, +}

6.00% + SFvv

04/19/24

04/17/37

Series 2024-4A, Class E

1,400,000

1,409,148

Elmwood CLO VII Ltd. ^{***, +}

5.90% + SFvv

09/26/24

10/17/37

Series 2020-4A, Class ERR

3,750,000

3,644,887

Elmwood CLO X Ltd. ^{***, +}

5.95%+ SF

06/23/25

07/20/38

Series 2021-3A, Class ER2

2,000,000

1,989,339

Elmwood CLO XII Ltd ^{***, +}

5.90% + SFvv

11/03/25

10/15/37

Series 2021-5A, Class ER

2,675,000

2,611,164

Magnetite XXIV Ltd. ^{***, +}

6.40% + SFvv

02/04/22

04/15/35

Series 2019-24A, Class ER

4,000,000

4,073,197

OCP CLO Ltd ^{***, +}

4.50% + SFvv

02/19/26

01/17/39

Series 2021-23A, Class ER2

1,000,000

987,309

OHA Credit Funding 1 LTD ^{***, +}

6.50% + SFvv

03/18/26

04/20/37

Series 2018-1A, Class ER

2,000,000

2,008,366

OHA Credit Funding 19 Ltd. ^{***, +}

5.60% + SFvv

05/31/24

07/20/37

Series 2024-19A, Class E

950,000

968,772

OHA Credit Funding 6 Ltd. ^{***, +}

5.25%+ SFvv

10/11/24

10/20/37

Series 2020-6A, Class ER2

2,000,000

1,961,926

OHA Credit Partners XI Ltd ^{***, +}

5.40% + SFvv

05/01/26

07/20/39

Series 2015-11A, Class ER3

3,000,000

2,992,809

Palmer Square CLO 2024-2 Ltd. ^{***, +}

5.70% + SFvv

05/30/24

07/20/37

Series 2024-2A, Class E

4,000,000

4,003,317

Palmer Square CLO 2024-4 Ltd ^{***, +}

5.00% + SFvv

02/19/26

01/15/38

Series 2024-4A, Class E

—

Southwick Park CLO LLC ^{***, +}

6.25% + SFvv

11/16/21

07/20/32

2019-4A, Class ERR

1,000,000

808,907

Wellman Park CLO Ltd. ^{***, +}

6.30% + SFvv

07/25/24

07/15/37

Series 2021-1A, Class ER

2,000,000

1,783,379

Total North America (0.42%)

60,685,852

Western Europe (0.07%)

Aurium CLO V Designated Activity Co. ^{***, +}

6.16% + E##

03/08/21

04/17/34

Series 5A, Class ER

€

1,500,000

1,760,447

Avoca CLO XXVI DAC ^{***, +}

6.51% + E##

02/23/22

04/15/35

Series 26A, Class E

€

750,000

888,476

Boyce Park CLO Ltd. ^{***, +}

6.25% + SFvv

01/28/22

04/21/35

Series 2022-1A, Class E

2,625,000

2,158,461

Carlyle Global Market Strategies Euro CLO 2015-1 Ltd ^{***, +}

7.52%

01/20/22

01/16/33

Series 2015-1A, Class SUBR

€

7,562,921

2,150,625

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

Asset-Backed Securities (continued)

Western Europe (continued)

Carysfort Park CLO ^{***, +}

6.14% + E##

03/12/21

07/28/34

Series 2021-1A, Class D

€

500,000

586,673

CVC Cordatus Loan Fund ^{***, +}

8.42% + E##

11/07/22

01/15/37

Series -5A, Class ER3

€

1,050,000

1,216,414

Storm King Park CLO Ltd. ^{***, +}

6.15% + SFvv

09/17/24

10/15/37

Series 2022-1A, Class ER

1,500,000

1,334,416

Total Western Europe (0.07%)

10,095,512

Total Asset-Backed Securities (Cost $76,440,359)(0.49%)

70,781,364

Floating Rate Loans **** (5.87%)

North America (4.81%)

Acrisure, LLC ⁺

3.00% + SFv

05/06/25

11/06/30

Senior

13,488,340

12,181,657

Ahead DB Holdings, LLC ⁺

2.75 % + SFvv

03/26/25

02/01/31

Senior

—

Aimbridge Acquisition Co., Inc. ⁺

1.50% + SFvv

03/11/25

03/11/30

Senior

601,145

586,116

Alera Group, Inc. ⁺

2.75% + SFv

01/23/26

05/30/32

Senior

2,977,538

2,896,787

AlixPartners, LLP ⁺

2.00% + SFv

07/31/25

08/12/32

Senior

4,093,589

4,080,039

Alliant Holdings Intermediate, LLC ⁺

2.50% + SFv

09/30/25

09/19/31

Senior

—

American Airlines, Inc. ⁺

3.25 % + SFvv

05/09/25

05/28/32

Senior

1,881,000

1,883,586

Amneal Pharmaceuticals LLC ⁺

3.00% + SFv

02/02/26

08/01/32

Senior

10,642,298

10,700,511

Anticimex International AB ⁺

2.90% + SFvv

11/28/25

11/17/31

Senior

—

Aptean, Inc. ^{+, e}

Cash 3.25% + SFvv

03/21/25

03/26/32

Senior

655,044

137,380

Archkey Solutions LLC ^{+, e}

4.25 % + SFvv

03/03/25

11/01/31

Senior

3,366,143

3,382,973

Argent Finco LLC ⁺

2.50% + SFvv

04/27/26

11/12/32

Senior

1,500,000

1,507,973

Athenahealth Group, Inc. ⁺

3.25% + SFv

05/27/26

02/16/32

Senior

10,456,561

10,433,714

Auris Luxembourg III S.à.r.l. ⁺

3.25% + SFv

02/27/26

02/28/29

Senior

5,195,211

4,869,722

BCPE Empire Holdings, Inc. ⁺

3.25% + SFvv

03/04/25

12/11/30

Senior

—

BCPE HIPH Parent, Inc. ^{+, e, f}

4.00% + SF

06/26/26

07/05/33

Senior

95,541

95,064

BCPE HIPH Parent, Inc. ^{+, f}

4.00% + SF

06/26/26

07/05/33

Senior

904,459

907,285

Bella Holding Company, LLC ⁺

2.25% + P

06/10/26

06/16/33

Senior

8,000,000

8,008,000

Belron Finance 2019 LLC ⁺

2.00% + SFvv

02/09/26

10/16/31

Senior

8,155,578

8,159,656

Blackhawk Network Holdings, Inc ⁺

3.50% + SFv

02/06/26

03/12/29

Senior

6,076,773

6,071,092

Boxer Parent Company Inc. ⁺

3.00% + SFvv

05/06/25

07/30/31

Senior

—

Caesars Entertainment Inc. ⁺

2.25% + SFv

05/05/26

02/06/30

Senior

2,492,284

2,386,362

Calabrio, Inc. ⁺

4.00% + SFvv

10/24/25

11/26/32

Senior

6,000,000

4,677,600

Carestream Dental Technology, Inc. ⁺

6.25% + SFv

05/06/25

08/30/30

Senior

3,513,857

3,518,249

CFC Bidco 2022 Ltd. ⁺

3.75 % + SFvv

05/30/25

05/30/32

Senior

18,407,500

17,625,181

Charlotte Buyer, Inc. ⁺

4.25% + SFv

05/06/25

02/11/28

Senior

—

Charter NEX US, Inc. ⁺

2.75% + SF

01/05/26

11/29/30

Senior

—

Charter NEX US, Inc. ⁺

2.50% + SFv

01/05/26

11/29/30

Senior

1,383,302

1,386,283

Chrysaor Bidco S.à.r.l. ⁺

3.25% + SFvv

10/16/25

10/30/31

Senior

8,085,913

8,123,230

Citrin Cooperman Advisors LLC ^{+, e}

Cash 3.00% + SFvv

03/06/25

04/01/32

Senior

3,526,491

3,438,328

Clarios Global LP ⁺

2.50% + SFv

05/21/26

01/28/32

Senior

2,089,500

2,094,724

Clydesdale Acquisition Holdings Inc. ⁺

Cash 3.25% + SF (0.50% Floor)vv

03/27/25

04/01/32

Senior

3,060,321

2,961,304

Colossus Acquireco LLC ⁺

1.75% + SFvv

06/17/26

01/31/33

Senior

3,781,000

3,767,407

CompoSecure Holdings, LLC ⁺

2.25% + SFv

01/08/26

01/14/33

Senior

1,100,000

1,098,196

Coreweave Financing DDTL V LLC ^{+, e}

4.50% + SFv

05/06/26

11/17/31

Senior

800,000

284,999

Cotiviti Corporation ⁺

Cash 2.75% + SFvv

02/14/25

03/26/32

Senior

5,947,462

5,528,672

Crown Subsea Communications Holding, Inc. ⁺

3.00% + SFv

02/05/26

01/30/31

Senior

10,812,146

10,865,828

Dawn Bidco, LLC ⁺

3.00% + SFvv

10/07/25

08/20/32

Senior

7,200,000

6,751,512

Delta 2 (LUX) S.à.r.l. ⁺

2.00% + SFvv

09/10/24

09/10/31

Senior

3,100,000

3,107,424

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

Floating Rate Loans**** (continued)

North America (continued)

Delta TopCo, Inc. ⁺

2.75% + SFvv

05/06/25

11/30/29

Senior

6,505,032

6,231,040

DexKo Global Inc. ⁺

4.50% + SFvv

04/09/26

10/06/31

Senior

6,204,538

6,028,515

DG Investment Intermediate Holdings 2, Inc. ⁺

3.75% + SFv

07/02/25

07/09/32

Senior

10,099,405

10,162,526

Discovery Global Holdings, Inc. ⁺

2.50% + SFv

05/27/26

06/03/33

Senior

1,667,308

1,671,893

Dotdash Meredith Inc ⁺

3.50% + SFvv

06/05/25

06/17/32

Senior

779,085

736,722

Dragon Buyer, Inc. ⁺

2.75 % + SFvv

09/24/24

09/30/31

Senior

5,713,000

4,727,507

DTI Holdco, Inc. ⁺

4.00% + SFv

05/06/25

04/26/29

Senior

3,211,408

2,996,356

Dynamo Newco II GmbH ⁺

3.25% + SFv

10/08/25

09/30/31

Senior

4,569,060

4,389,153

ECI Macola Max Holding, LLC ⁺

2.75% + SFvv

09/30/25

05/09/30

Senior

1,616,049

1,555,157

Engineered Machinery Holdings, Inc. ⁺

3.25% + SFvv

11/26/25

11/26/32

Senior

187,557

188,555

Fiesta Purchaser, Inc. ⁺

2.75% + SFv

09/30/25

02/12/31

Senior

6,174,781

6,065,425

Finastra USA, Inc. ⁺

4.00% + SFvv

07/31/25

09/15/32

Senior

5,486,250

5,157,075

First Student Bidco Inc ⁺

2.25% + SFvv

02/17/26

08/15/30

Senior

3,043,175

3,049,824

Flash Charm, Inc. ⁺

3.50% + SFvv

05/06/25

03/02/28

Senior

1,207,533

1,003,074

Flynn Restaurant Group LP ⁺

3.75% + SFv

07/11/25

01/28/32

Senior

5,246,775

5,222,509

Froneri International Ltd. ⁺

2.00% + SFvv

09/17/24

09/17/31

Senior

4,902,094

4,879,323

Froneri Lux Finco S.à.r.l. ⁺

2.50 % + SFvvv

07/16/25

08/02/32

Senior

5,954,080

5,927,048

Fugue Finance B.V. ⁺

2.25% + SFvv

02/04/26

01/09/32

Senior

15,800,993

15,783,612

Genesys Cloud Services Holdings II LLC ⁺

Cash 2.50% + SFvv

03/31/25

01/30/32

Senior

6,407,144

6,209,612

Global Medical Response, Inc. ⁺

3.50% + SFvv

09/19/25

10/01/32

Senior

11,184,938

11,242,876

Gloves Buyer, Inc. ⁺

4.00% + SFv

01/17/25

01/17/32

Senior

3,383,000

3,395,230

Graham Packaging Company Inc. ⁺

2.25% + SFv

01/14/26

01/26/33

Senior

1,197,000

1,199,556

Grant Thornton Advisors LLC ⁺

2.50 % + SFv

05/06/25

06/02/31

Senior

8,794,528

8,383,208

Green Infrastructure Partners Inc ⁺

2.75% + SFvv

09/19/25

09/24/32

Senior

1,795,500

1,797,744

Heartland Dental, LLC ⁺

3.75% + SFv

08/07/25

08/25/32

Senior

10,533,942

10,554,431

HIG Finance 2 Limited ⁺

2.75% + SFvv

12/11/25

04/18/30

Senior

3,047,870

2,897,656

Hobbs & Associates LLC ^{+, e}

2.75 % + SFv

09/30/24

07/23/31

Senior

442,727

435,885

Hobbs & Associates LLC ^{+, e}

2.75 % + SFv

09/30/24

07/23/31

Senior

5,443,762

5,440,360

Holding Socotec ⁺

2.75% + SFvv

02/06/26

06/02/31

Senior

1,723,046

1,728,430

Hologic Inc. ⁺

2.50% + SF

01/14/26

04/07/33

Senior

7,000,000

6,911,975

HS Purchaser, LLC ⁺

6.00% + SFvv

03/11/26

05/21/29

Senior

1,975,403

1,506,245

HS Purchaser, LLC ⁺

6.00% + SFvv

11/21/25

05/19/29

Senior

3,920,120

2,843,260

Hunter Douglas Inc. ⁺

3.25% + SFvv

05/06/25

01/20/32

Senior

7,009,847

7,018,610

IGT Holding IV AB ⁺

3.00% + SFvv

10/06/25

09/01/31

Senior

4,734,705

4,657,766

Illuminate Buyer, LLC ⁺

2.50% + SFv

09/30/25

12/31/29

Senior

5,542,049

5,486,158

Imagine Learning LLC ⁺

3.50% + SFv

05/06/25

12/21/29

Senior

8,887,109

8,350,150

Inmar, Inc. ⁺

4.50% + SFvv

06/30/25

10/30/31

Senior

2,259,894

1,982,108

INNIO Group Holding GmbH ⁺

2.00% + SFvv

02/09/26

11/02/31

Senior

3,990,000

3,986,269

International Entertainment JJCo 3 Ltd ⁺

3.00% + SFvv

10/31/25

04/29/32

Senior

4,554,172

4,567,448

Iridium Satellite LLC ⁺

2.25 % + SFv

03/26/25

09/20/30

Senior

5,045,196

5,057,809

Jane Street Group, LLC ⁺

2.00% + SFvv

10/01/25

12/15/31

Senior

—

John Bean Technologies Corp ⁺

1.75% + SFv

09/30/25

01/02/32

Senior

768,056

771,619

Jupiter Borrower Inc ⁺

2.75% + SF

05/14/26

06/30/33

Senior

236,000

236,787

Jupiter Borrower Inc ⁺

2.75% + SF

03/25/26

06/30/33

Senior

1,500,000

1,505,003

kdc/one Development Corporation, Inc. ⁺

3.50% + SFvv

08/08/25

08/15/28

Senior

6,870,507

6,869,957

KKR Apple Bidco, LLC ⁺

2.50 % + SFv

02/14/25

09/23/31

Senior

4,432,500

4,445,266

KnowBe4, Inc. ⁺

3.75% + SFvv

07/22/25

07/23/32

Senior

3,185,247

2,488,474

Kohler Energy Co LLC ⁺

3.00% + SFvv

02/04/26

05/01/31

Senior

6,396,553

6,413,568

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

Floating Rate Loans **** (continued)

North America (continued)

Lernen Bidco Limited ⁺

3.50% + SFvvv

07/24/25

10/27/31

Senior

8,295,550

8,176,301

LSF12 Crown US Commercial Bidco LLC ⁺

3.00% + SFv

01/20/26

12/02/31

Senior

6,158,320

6,185,817

Madison IAQ LLC ⁺

1.75% + SFvvv

06/04/26

05/06/32

Senior

4,987,752

4,989,523

Matador Bidco S.à.r.l. ⁺

4.25% + SFv

05/06/25

07/30/29

Senior

8,523,676

8,507,737

McAfee, LLC ⁺

3.00% + SFv

05/06/25

03/01/29

Senior

3,099,415

2,799,980

Mckesson Medical-Surgical Top Holdings Inc. ⁺

2.25% + SFvv

06/03/26

06/09/32

Senior

1,100,000

1,102,525

Minimax Viking GmbH ⁺

2.00 % + SFv

03/27/25

03/17/32

Senior

2,079,079

2,085,586

Mitchell International, Inc. ⁺

3.00% + SFv

04/01/26

06/17/31

Senior

5,411,559

5,228,919

Naked Juice LLC ⁺

3.25% + SFvv

04/09/25

01/24/29

Senior

1,313,692

898,000

Naked Juice LLC ⁺

6.00% + SFvv

05/06/25

01/24/30

Senior

353,747

113,620

NEP Group, Inc. ⁺

4.50% + SFv

10/09/25

10/17/31

Senior

7,671,840

7,235,926

Newfold Digital Holdings Group Inc. ^{+, e}

3.50% + SFv

03/09/26

04/30/29

Senior

4,952,038

3,999,390

Newly Weds Foods Inc. ⁺

Cash 2.25% + SFvv

03/19/25

03/15/32

Senior

4,455,000

4,464,266

Nielsen Consumer Inc. ⁺

2.25% + SFv

08/29/25

10/31/30

Senior

2,950,655

2,906,395

Nouryon Finance B.V. ⁺

3.25% + SFvv

05/06/25

04/03/28

Senior

2,614,732

2,620,720

NSM Top Holdings Corp. ⁺

4.25% + SFvv

11/21/25

05/14/29

Senior

4,611,412

4,638,803

Nuvei Technologies Corp. ⁺

2.50% + SFv

08/29/25

11/17/31

Senior

3,703,217

3,628,820

Olympus Water US Holding Corporation ⁺

3.00% + SFvv

05/06/25

06/20/31

Senior

1,356,463

1,356,924

Olympus Water US Holding Corporation ⁺

3.25 % + SFvv

07/24/25

07/23/32

Senior

2,089,500

2,092,979

OMNIA Partners LLC ⁺

2.75% + SFvv

11/07/25

12/31/32

Senior

198,500

199,158

OneDigital Borrower LLC ⁺

3.00% + SFv

05/06/25

07/02/31

Senior

—

Opal Bidco SAS ⁺

2.50% + SFvv

06/09/26

04/28/32

Senior

6,054,326

6,067,858

Osaic Holdings, Inc. ⁺

2.50% + SFvv

02/02/26

07/30/32

Senior

2,094,750

2,081,658

Paradigm Parent, LLC ⁺

4.50% + SFvv

07/24/25

04/16/32

Senior

6,451,250

5,610,362

Pediatric Associates Holding Company, LLC ⁺

5.00% + SFv

05/28/26

12/29/31

Senior

2,000,889

2,007,152

Peer Holding III B.V. ⁺

2.25 % + SF

09/25/25

09/29/32

Senior

4,289,250

4,298,193

Pegasus BidCo BV ⁺

2.50% + SFvv

06/17/26

07/12/32

Senior

8,780,552

8,798,816

PetSmart, Inc. ⁺

4.00% + SFv

10/20/25

08/18/32

Senior

—

Pinnacle Buyer LLC ^{+, e}

6.50% + SFv

09/11/25

09/10/32

Senior

752,952

611,589

Pinnacle Buyer LLC ^{+, e}

2.50% + SFvv

09/11/25

10/01/32

Senior

145,161

144,838

Plano HoldCo, Inc. ⁺

3.50% + SFvv

08/02/24

08/15/31

Senior

3,251,307

2,568,532

Prestige Brands, Inc. ^{+, e}

2.00% + SFv

05/20/26

06/13/33

Senior

400,000

367,730

Pretium PKG Holdings, Inc. ⁺

5.75% + SFv

03/02/26

03/01/32

Senior

149

148

Pretium PKG Holdings, Inc. ⁺

5.25% + SFvv

03/02/26

03/02/31

Senior

1,613,568

1,597,940

Project Alpha Intermediate Holding, Inc. ⁺

3.25% + SFvv

05/06/25

10/26/30

Senior

2,015,733

1,496,178

Prometric Holdings, Inc. ⁺

3.75% + SFvv

06/18/25

06/25/32

Senior

5,359,500

5,370,219

Proofpoint, Inc. ⁺

3.00% + SFvv

06/18/25

08/31/28

Senior

1,488,579

1,462,529

Pye-Barker Fire & Safety, LLC ^{+, e}

2.50% + SFvv

12/09/25

12/16/32

Senior

3,741,000

3,283,487

Pye-Barker Fire & Safety, LLC ^{+, e}

2.50% + SFvv

12/09/25

12/16/32

Senior

559,000

557,140

Qnity Electronics Inc ⁺

2.00 % + SF

08/12/25

08/12/32

Senior

4,378,000

4,386,209

Quartz Acquireco LLC ⁺

Cash 2.25% + SFvv

03/25/25

06/28/30

Senior

4,924,051

4,134,159

QXO Inc ^{+, f}

2.00% + SF

05/06/25

07/01/33

Senior

1,100,000

1,099,588

Radiology Partners Inc ⁺

4.50 % + SFvv

06/26/25

06/25/32

Senior

7,344,500

7,371,454

Rand Parent, LLC ⁺

3.00% + SFvv

05/06/25

03/18/30

Senior

7,431,810

7,435,155

Raven Acquisition Holdings LLC ^{+, e}

3.00 % + SFv

12/31/24

11/19/31

Senior

200,000

Raven Acquisition Holdings LLC ^{+, e}

3.00 % + SFv

12/31/24

11/19/31

Senior

2,765,000

2,749,696

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

Floating Rate Loans**** (continued)

North America (continued)

Recess Holdings, Inc. ⁺

Cash 3.75% + SF (1.00% Floor)vv

01/24/25

02/20/30

Senior

14,646,575

14,647,820

Red Planet Borrower, LLC ⁺

4.00% + SFv

08/07/25

09/08/32

Senior

9,293,127

9,316,359

Resideo Funding Inc. ⁺

2.00% + SFvv

08/08/25

08/13/32

Senior

2,481,250

2,482,292

Rithum Holdings Inc ⁺

4.75 % + SFvv

07/02/25

07/21/32

Senior

3,275,250

3,099,205

Rohm Holding GmbH ⁺

Cash 5.50% + SFvvv; PIK 1.49%

02/19/25

01/31/29

Senior

6,669,413

6,563,761

Saphilux S.à.r.l. ⁺

3.00% + SFvv

09/30/25

07/18/28

Senior

4,987,407

5,016,509

Sauer Brands Inc. ^{+, e}

3.00 % + SFv

03/31/25

02/04/32

Senior

990,862

910,388

Select Medical Corporation ⁺

3.00% + SF

03/19/26

12/31/31

Senior

1,450,000

1,455,438

Shift4 Payments, LLC ⁺

2.00% + SFvv

01/05/26

07/03/32

Senior

895,506

892,707

Skopima Merger Sub Inc. ⁺

3.75% + SFv

05/06/25

05/12/28

Senior

10,983,586

9,660,942

Sovos Compliance, LLC ⁺

3.25% + SFv

09/30/25

08/13/29

Senior

5,565,825

5,267,914

Spectris Plc ⁺

2.75% + SFvv

03/31/26

12/06/32

Senior

1,940,250

1,951,562

Speed Midco 3 S.a r.l. ⁺

2.50 % + SF

09/22/25

09/23/32

Senior

2,487,500

2,485,945

Spring Education Group, Inc. ⁺

3.25 % + SFvv

05/06/25

10/04/30

Senior

6,146,091

6,143,233

Stepstone Group Midco 2 GmbH/ The ⁺

4.50 % + SF

08/19/25

12/19/31

Senior

4,950,000

4,012,594

Stonepeak Motion Finco LLC ^{+, f}

2.50% + SF

06/24/26

06/24/33

Senior

3,100,000

3,109,036

Stonepeak Nile Parent LLC ⁺

2.00% + SFvv

06/02/26

04/09/32

Senior

5,785,500

5,779,801

Storable, Inc. ⁺

Cash 3.25% + SFvv

03/31/25

04/16/31

Senior

2,765,000

2,449,002

Summer (BC) Holdco B S.a r.l ⁺

5.00% + SFvv

05/06/25

02/15/29

Senior

4,626,637

3,907,565

Summit Acquisition Inc ⁺

3.50% + SFv

07/16/25

10/16/31

Senior

1,585,519

1,588,159

Sunrise Financing Partnership ⁺

2.50% + SFvvv

03/28/25

02/15/32

Senior

4,300,000

4,258,569

team.blue Finco S.à.r.l. ⁺

3.25% + SFvv

07/02/25

07/12/32

Senior

7,524,000

7,224,921

Thevelia (US) LLC ⁺

3.00% + SFvv

09/30/24

06/18/29

Senior

5,862,353

5,745,106

TK Elevator Midco GmbH ⁺

3.00% + SFv

02/27/26

04/30/30

Senior

2,294,250

2,307,155

TMF Group Holding B.V. ⁺

3.25% + SFvv

05/28/26

05/30/33

Senior

3,798,933

3,813,179

TransDigm, Inc. ⁺

2.50% + SFvv

08/13/25

08/19/32

Senior

4,061,310

4,071,199

Traverse Midstream Partners LLC ⁺

2.25% + SF

04/21/26

04/21/33

Senior

1,200,000

1,201,350

Trident TPI Holdings, Inc. ⁺

3.75% + SFvv

05/06/25

09/15/28

Senior

1,629,701

1,572,572

Trilon Group, LLC ^{+, e}

3.50% + SFv

06/05/26

06/13/33

Senior

3,966,667

3,245,800

Trucordia Insurance Holdings LLC ⁺

3.25% + SFv

06/12/25

06/17/32

Senior

6,451,250

5,773,869

Truist Insurance Holdings LLC ⁺

2.75% + SFvv

05/30/25

05/06/31

Senior

1,500,000

1,467,000

UKG Inc. ⁺

3.00% + SFv

05/06/25

02/10/31

Senior

3,880,308

3,731,576

Upbound Group Inc ⁺

2.75 % + SF

08/13/25

08/13/32

Senior

3,374,500

3,385,754

Upstream Newco, Inc. ⁺

4.25% + SFvv

01/20/26

05/20/30

Senior

6,125,224

5,735,201

Vantor Holdings Inc ⁺

4.50% + SFvv

02/27/26

03/03/33

Senior

2,566,000

2,579,895

Varsity Brands, Inc. ⁺

3.00% + SFvv

09/18/25

08/26/31

Senior

9,453

9,482

Verifone Systems, Inc. ⁺

5.25 % + SFvv

04/07/25

08/18/28

Senior

6,446,222

6,115,885

Virtusa Corporation ⁺

3.25% + SFvv

06/14/24

02/15/29

Senior

7,201,988

6,316,720

Vision Solutions, Inc. ⁺

4.00% + SFvv

05/06/25

04/24/28

Senior

3,250,260

2,535,203

Windsor Holdings III, LLC ⁺

2.75% + SFv

05/06/25

08/01/30

Senior

2,238,269

2,245,129

WOOF Holdings, Inc ⁺

3.95% + SFvv

05/30/25

12/31/29

Senior

1,951,034

1,434,010

WOOF Holdings, Inc ⁺

3.75% + SFvv

05/30/25

12/31/29

Senior

1,138,830

228,905

XPLOR T1 LLC ⁺

3.50% + SFvv

10/29/25

12/01/32

Senior

3,672,250

3,415,192

Zacapa S.à.r.l. ⁺

3.75% + SFvv

12/31/24

03/22/29

Senior

6,982,900

7,001,614

Total North America (4.81%)

690,763,165

Western Europe (1.06%)

AI Sirona (Luxembourg) Acquisition S.à.r.l. ⁺

4.00% + E#

10/07/25

10/07/32

Senior

€

9,500,000

10,880,514

Athena Holdco S.A.S. ⁺

3.00% + E##

09/30/25

04/14/31

Senior

€

1,400,000

1,598,524

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Fair
Value^**

Floating Rate Loans**** (continued)

Western Europe (continued)

Auris Luxembourg III S.à.r.l. ⁺

3.75% + E###

07/24/25

02/28/29

Senior

€

4,000,000

4,576,674

AutoForm Engineering GmbH ⁺

3.75% + E###

10/01/25

02/28/29

Senior

€

3,300,000

3,765,283

BCP V Modular Services Holdings IV Limited ⁺

4.43% + E##

07/02/25

07/10/31

Senior

€

2,100,000

2,066,353

CAB ⁺

4.50% + E##

05/22/26

08/09/31

Senior

€

6,800,000

7,701,146

CAB ⁺

4.50% + E##

05/07/26

08/09/31

Senior

€

2,300,000

2,604,799

Casper BidCo SAS ⁺

3.25% + E##

02/05/26

03/21/31

Senior

€

4,500,000

5,172,779

CD&R Firefly Bidco Limited ⁺

4.75% + SF>>

05/06/25

04/29/29

Senior

12,000,000

16,000,339

Cooper Consumer Health ⁺

3.75% + E##

05/20/26

05/20/33

Senior

€

5,400,000

6,235,850

Eagle Bidco Limited ⁺

3.75% + E#

09/29/25

02/29/32

Senior

€

—

Elsan SAS ⁺

3.50% + E##

05/06/25

06/16/31

Senior

€

—

Fugue Finance B.V. ⁺

2.75% + E##

02/04/26

01/09/32

Senior

€

3,000,000

3,431,631

HBX Group International PLC ⁺

Cash 2.75% + E###

03/26/25

02/18/32

Senior

€

5,200,000

5,973,302

Holding Socotec ⁺

3.00% + E##

02/06/26

06/02/31

Senior

€

1,000,000

1,150,929

HomeVi S.a.S. ⁺

4.75% + E##

05/19/26

10/31/31

Senior

€

4,729,767

5,443,844

Inspired FinCo Holdings Limited ⁺

3.00% + E#

02/24/26

02/28/31

Senior

€

3,173,232

3,648,303

Lernen Bidco Limited ⁺

3.75% + E###

11/28/25

04/25/29

Senior

€

6,000,000

6,872,487

Motel One GmbH ⁺

3.63% + E#

12/05/25

06/04/32

Senior

€

6,300,000

7,277,427

Neuraxpharm Arzneimittel GmbH ⁺

3.75% + E###

07/17/25

12/16/30

Senior

€

1,676,690

1,938,012

Nobian Finance B.V. ⁺

Cash 3.50% + E##

03/04/25

07/31/30

Senior

€

3,145,299

3,431,654

Prosol SAS ⁺

3.75% + E##

05/06/26

05/06/33

Senior

€

5,000,000

5,700,383

Quimper AB ⁺

3.00% + E##

02/06/26

03/31/30

Senior

€

—

Redhalo Midco (UK) Ltd ⁺

3.00% + SF

03/11/26

03/22/31

Senior

€

—

Rohm Holding GmbH ⁺

5.00% + E##

05/06/25

01/31/29

Senior

€

9,024,923

10,123,232

Septodont Holding SAS ^{+, f}

3.50% + SF

05/19/26

06/30/33

Senior

€

1,000,000

1,155,141

Solina Bidco ⁺

3.15% + SF

06/12/26

09/30/32

Senior

€

6,700,000

7,709,964

Sport Group Holding GmbH ⁺

Cash 4.00% + E###

01/08/25

07/08/31

Senior

€

2,600,000

2,422,011

Summer (BC) Holdco B S.à.r.l. ⁺

Cash 4.50% + E###

03/04/25

01/31/29

Senior

€

3,737,050

3,719,888

Summer (BC) Holdco B S.à.r.l. ⁺

4.50% + E##

05/07/24

01/31/29

Senior

€

570,642

568,021

team.blue Finco S.à.r.l. ⁺

3.50% + E##

10/01/25

09/30/29

Senior

€

10,700,000

11,947,309

Total Webhosting Solutions BV ⁺

4.00% + E#

07/02/25

11/04/31

Senior

€

4,000,000

4,256,864

Verisure Holding AB ⁺

2.25% + E##

10/24/25

11/03/32

Senior

€

3,512,195

4,046,363

Total Western Europe (1.06%)

151,419,026

Total Floating Rate Loans (Cost $857,819,665)(5.87%)

842,182,191

Private Equity Investments (92.67%)

Direct Investments ^* (59.08%)

Direct Equity (55.20%)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Asia - Pacific (1.17%)
AAVAS Financiers Limited ^{+, a, e}	Common equity	03/28/18		—	$	43,012,369	$	3,205,360
Argan Mauritius Limited ^{+, a, e}	Common equity	05/09/16		106,215		10,621,500		13,090,234
BPEA EQT Mid-Market Growth Co-Investment Carlton, SCSp ^{+, a, c, e}	Limited partnership interest	01/21/25		—		19,328,293		22,861,679
GreenSquare Operating HoldCo Pte. Ltd. ^{+, a, e}	Preferred equity	03/06/25		389,330		247,181		303,016
GreenSquare Operating HoldCo Pte. Ltd. ^{+, a, e}	Common equity	03/06/25		7,946		5,045		6,184
Huntress Co-Investment L.P., 1 ^{+, a, c}	Limited partnership interest	04/08/16		—		1		1

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Private Equity Investments (continued)
*Direct Investments ^ (continued)**
Direct Equity (continued)
KKR Pebble Co-Invest L.P. ^{+, a, c, e}	Limited partnership interest	05/13/21		—	$	29,283,000	$	27,785,233
Murra Warra Asset Hold Trust ^{+, a, e}	Common equity	09/10/18		—		1		1
Murra Warra II Asset Hold Trust ^{+, a, e}	Common equity	07/30/20		—		11,765		1
Murra Warra II Project Hold Trust ^{+, a, e}	Common equity	07/30/20		—		2,942		1
Murra Warra Project Hold Trust ^{+, a, e}	Common equity	09/10/18		—		—		1
Partners Terra Pte. Ltd. ^{+, a, e}	Common equity	05/14/21		8,545,185		8,896,087		12,672,357
PG Esmeralda Pte. Ltd. ^{+, a, e}	Common equity	03/03/21		—		5,429,378		—
PG Esmeralda Pte. Ltd. ^{+, a, e}	Preferred equity	03/03/21		—		50,374,952		1,901,491
PG Loa Pte. Ltd. ^{+, a}	Common equity	04/25/22		—		1		17,319
PG Loa Pte. Ltd. ^{+, a}	Preferred equity	04/25/22		—		—		329,483
PG Lotus Pte Ltd. ^{+, a, b, e}	Preferred equity	10/31/25		19,672,866		19,672,866		19,672,866
PG Lotus Pte Ltd. ^{+, a, b, e}	Common equity	10/31/25		1,035,414		1,035,414		1,514,885
PG Power Pte. Ltd. ^{+, a, e}	Common equity	10/30/24		184,010		2,355,583		5,472,548
Platform Hold Trust ^{+, a, e}	Preferred equity	03/06/25		17,921,420		2,548,755		2,961,564
Sunsure Energy Private Limited ^{+, a, b, c, e}	Member interest	12/27/22		—		16,455,651		16,455,651
Sunsure Energy Private Limited ^{+, a, b, e}	Common equity	12/27/22		1,571,724		1,704,922		14,289,050
Sunsure Energy Private Limited ^{+, a, b, e}	Preferred equity	12/27/22		3,371,095		4,502,894		4,502,894
TPG Upswing Co-Invest, L.P. ^{+, a, c}	Limited partnership interest	01/10/19		—		18,518,292		21,055,576
Total Asia - Pacific (1.17%)								168,097,395
North America (27.16%)
Aimbridge Acquisition Co., Inc. ^{+, a}	Common equity	03/11/25		4,145,864		4,996,003		4,996,005
Alliant Holdings, L.P. ^{+, a, c}	Limited partnership interest	12/01/21		—		24,784,703		40,540,215
Allied Benefit Systems Holdings LP ^{+, a, c}	Limited partnership interest	10/22/24		—		30,810,000		36,923,752
AmSurg HoldCo, LLC ^{+, a}	Common equity	11/03/23		896,098		2,087,478		2,873,059
AP VIII Prime Security Services Holdings, L.P. ^{+, a, c, e}	Limited partnership interest	05/02/16		—		2,939,787		—
AppLogic Networks OpCo I LLC ^{+, a}	Common equity	03/03/25		351,924		351,924		351,924
Arroyo Dunamis Direct Investment I-B, L.P. ^{+, a, c, e}	Limited partnership interest	02/25/25		—		6,070,655		11,648,398
Astorg VII Co-Invest ERT ^{+, a, c}	Limited partnership interest	01/31/20		—		31,167		6,792,374
BCPE Hercules Holdings, LP ^{+, a}	Common equity	07/30/18		869,932		869,931		2,088,586
BI Gen Holdings, Inc. ^{+, a}	Common equity	01/01/21		14,561		150,000		253,549
CapitalSpring Finance Company, LLC ^{+, a}	Common equity	03/01/17		3,020,546		4,168,272		2,853,582
Carestream Dental Technology, Inc. ^{+, a}	Common equity	08/30/24		—		2,205,000		2,205,000
CB Poly Holdings, LLC ^{+, a, e}	Preferred equity	08/16/16		171,270		17,127,003		30,035,266
CB Titan MidCo Holdings, Inc. ^{+, a}	Common equity	01/01/21		56,634		56,634		1
CD&R Mercury Co-Investor, L.P. ^{+, a, c, e}	Limited partnership interest	10/14/20		—		53,921,126		156,018,512
Checkers Topco, LLC ^{+, a}	Common equity	06/16/23		9,517		94,154		15,127
Clarience Technologies, LLC ^{+, a}	Common equity	03/05/24		—		1		1
Confluent Health Holdings LP ^{+, a, b}	Common equity	05/30/19		30,344		33,244,066		63,656,323
ConvergeOne Holdings, Inc. ^{+, a}	Common equity	06/06/24		99,273		2,154,218		—
Cowboy Topco, Inc. ^{+, a}	Common equity	05/18/22		1,348,750		1,348,750		1
Cure Holdings, LLC ^{+, a, e}	Common equity	05/13/21		2,723		27,230		18,115
Cure Holdings, LLC ^{+, a}	Common equity	05/13/21		263,891		3,602,070		1,755,531
Dermatology Holdings, L.P. ^{+, a, b, c, e}	Limited partnership interest	04/01/22		—		135,493,757		192,981,996
ECP Holding Company, LLC ^{+, a, c, e}	Member interest	03/15/16		—		—		190,286
ECP Parent, LLC ^{+, a, b, e}	Common equity	11/15/21		105,520,023		107,129,344		61,570,083
ECP Parent, LLC ^{+, a, b, e}	Preferred equity	12/21/23		8,508,337		8,508,422		12,951,724
EdgeCore Holdings, L.P. ^{+, a, b, c, e}	Limited partnership interest	11/10/22		—		108,320,541		281,692,612
Elgin Co-Investment, L.P.2 ^{+, a}	Common equity	11/28/16		—		1		1
Encore Holdings LP ^{+, a, b, e}	Common equity	07/01/22		73,227		87,948,606		221,185,115
Encore Holdings LP ^{+, a, b, c, e}	Limited partnership interest	02/25/26		—		3,156,048		3,673,757
ENFRA ^{+, a, c, e}	Limited partnership interest	03/15/22		—		34,340,784		67,588,673

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Private Equity Investments (continued)
*Direct Investments ^ (continued)**
Direct Equity (continued)
EnfraGen LLC ^{+, a, b, e}	Common equity	09/17/19		37,786	$	33,944,361	$	83,088,089
EQT Infrastructure IV Co-Investment (B) SCSp ^{+, a, c}	Limited partnership interest	03/09/20		—		94,861,790		164,729,206
EQT IX Co-Investment (F) SCSp ^{+, a, c, e}	Limited partnership interest	11/15/21		—		84,104,726		131,473,769
EQT VIII Co-Investment (C) SCSp ^{+, a, c, e}	Limited partnership interest	01/25/19		—		57,016,701		30,444,980
EQT X Co-Investment (A) SCSp ^{+, a, c, e}	Limited partnership interest	07/02/24		—		20,475,870		26,264,931
EXW Coinvest L.P. ^{+, a, c}	Limited partnership interest	06/17/16		—		9,369,935		—
FH EP Parent L.P. ^{+, a, c, e}	Limited partnership interest	03/12/24		—		10,073,101		23,057,932
FRP Investors II, L.P. ^{+, a, c, e}	Limited partnership interest	09/16/22		—		47,761,620		79,811,244
Gateway Fleets Holdings, LP ^{+, a, b, c, e}	Limited partnership interest	09/30/24		—		2,754,527		3,173,535
Halo Purchaser, LLC ^{+, a}	Warrants	12/30/25		—		—		1
Icebox Parent L.P. ^{+, a, b, c}	Limited partnership interest	12/22/21		—		184,782,721		401,522,504
Idera Parent L.P. ^{+, a, b, c, e}	Limited partnership interest	03/02/21		—		151,702,453		164,256,589
KDOR Merger Sub Inc. ^{+, a}	Common equity	05/11/18		250		250,000		1
KENE Holdings, L.P. ^{+, a, c}	Limited partnership interest	08/08/19		—		1		1
KKR Cavalry Co-Invest Blocker Parent L.P. ^{+, a, c}	Limited partnership interest	03/24/22		—		56,035,477		109,379,682
KKR Enterprise Co-Invest AIV A L.P. ^{+, a, c}	Limited partnership interest	07/31/20		—		716,331		128,451
KPOCH Holdings, L.P. ^{+, a, b, c}	Limited partnership interest	11/10/22		—		187,500,000		111,598,500
KPSKY Holdings L.P. ^{+, a, b, c}	Limited partnership interest	10/19/21		—		61,566,000		47,994,637
KSLB Holdings, LLC ^{+, a}	Common equity	07/30/18		252,000		252,000		1,891
Lumin Digital, LLC ^{+, a, e}	Preferred equity	11/20/24		5,098,332		30,636,092		41,616,716
Matterhorn Topco, L.P. ^{+, a, c}	Limited partnership interest	05/19/21		—		11,341,677		12,939,781
MHS Acquisition Holdings, LLC ^{+, a, b}	Common equity	03/10/17		356		317,827		261,721
MHS Acquisition Holdings, LLC ^{+, a, b}	Preferred equity	03/10/17		35,285		172,633		142,158
MHS Blocker Purchaser L.P. ^{+, a, c}	Limited partnership interest	03/10/17		—		39,121,172		32,215,151
Milestone Investment Holdings, LLC ^{+, a, e}	Common equity	09/23/21		22,293,150		14,184,448		18,852,933
NC Ocala Co-Invest Alpha, L.P. ^{+, a, c}	Limited partnership interest	11/24/21		—		60,534,545		62,104,266
OMNIA Coinvest L.P. ^{+, a, c, e}	Limited partnership interest	10/23/20		—		15,306,665		24,513,624
Onecall Holdings, L.P. ^{+, a}	Common equity	11/29/17		—		—		435,437
Onex Fox, L.P. ^{+, a, c, e}	Limited partnership interest	04/25/19		—		85,638		280,465
Orion Opportunity L.P. ^{+, a, c, e}	Limited partnership interest	09/01/21		—		40,522,608		60,047,292
PCI Pharma Services ^{+, a, c}	Limited partnership interest	10/15/25		—		19,000,000		19,416,822
PG BRPC Investment, LLC ^{+, a, b}	Common equity	08/01/19		32,079		32,079,000		75,192,984
PG Delta HoldCo, LLC ^{+, a, b, e}	Common equity	06/24/21		42,616		48,694,632		105,661,654
Raptor Holding Parent, L.P. ^{+, a}	Common equity	04/01/22		11,209		1,120,924		1,395,937
Real Hero Topco, L.P. ^{+, a, c, e}	Limited partnership interest	04/01/21		—		14,835,863		15,242,841
RevSpring, Inc. ^{+, a, c, e}	Limited partnership interest	03/12/24		—		132,829		264,497
RevSpring, Inc. ^{+, a, c}	Limited partnership interest	02/02/26		—		1,250,640		1,159,097
Safari Co-Investment L.P. ^{+, a, c, e}	Limited partnership interest	03/14/18		—		9,357,130		7,670,461
Sandvine Corporation ^{+, a}	Common equity	03/03/25		50,291		923,247		923,247
SC Landco Parent, LLC ^{+, a}	Common equity	11/28/16		2,672		1		483,495
Shermco Intermediate Holdings, Inc. ^{+, a, e}	Common equity	06/05/18		11,525		1		51,462
Shingle Coinvest LP ^{+, a, c, e}	Limited partnership interest	05/29/18		—		—		1
SIH RP HoldCo L.P. ^{+, a, e}	Common equity	09/10/19		5,995,126		47,119,381		104,823,755
SLP West Holdings Co-Invest Feeder II, L.P. ^{+, a, c, e}	Limited partnership interest	08/18/17		—		25,375		2
Space Co-Invest LP ^{+, a, c, e}	Limited partnership interest	01/17/25		—		20,378,976		21,754,842
Specialty Pharma Holdings LP ^{+, a, b, c}	Limited partnership interest	04/01/21		—		90,509,737		150,880,819
St. Croix Hospice ^{+, a, c, e}	Limited partnership interest	10/24/25		—		14,227,973		18,204,378
Starfish Intermediate, Inc. ^{+, a}	Preferred equity	06/06/22		7,136,374		178,485,000		215,075,674
Stonepeak Tiger (Co-Invest) Holdings (I-B) L.P. ^{+, a, c, e}	Limited partnership interest	08/17/21		—		34,960,409		35,315,607
SureWerx Topco, L.P. ^{+, a, b, c, e}	Limited partnership interest	12/28/22		—		54,663,564		66,663,256
Surveyor Co-Invest SCSp ^{+, a, c, e}	Limited partnership interest	10/17/24		—		22,552,209		31,491,250

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Private Equity Investments (continued)
*Direct Investments ^ (continued)**
Direct Equity (continued)
T-VIII Mercury Co-Invest L.P. ^{+, a, c, e}	Limited partnership interest	07/29/21		—	$	4,189,244	$	9,045,979
Thermostat Purchaser, L.P. ^{+, a, b, c}	Limited partnership interest	08/31/21		—		71,817,900		117,818,845
TKC Topco LLC ^{+, a}	Common equity	10/14/16		4,632,829		4,632,829		3,593,991
VEEF II Co-Invest 2-A, L.P. ^{+, a, c}	Limited partnership interest	03/15/22		—		3,637,111		2,816,433
Velocity Holdings US LP ^{+, a, c, e}	Limited partnership interest	08/31/22		—		22,348,477		25,949,688
VEPF VII Co-Invest 2-A, LP ^{+, a, c, e}	Limited partnership interest	04/06/21		—		64,648,858		—
WHCG Purchaser, L.P. ^{+, a, b, e}	Preferred equity	08/02/24		10,934,833		14,022,833		16,700,619
WHCG Purchaser, L.P. ^{+, a, b, c}	Limited partnership interest	06/22/21		—		68,399,200		13,771,358
Woof Parent L.P. ^{+, a}	Common equity	12/21/20		1,441		1,441,200		1
Total North America (27.16%)								3,896,564,050
Rest of World (1.50%)
Carlyle Retail Turkey Partners, L.P. ^{+, a, c}	Limited partnership interest	07/11/13		—		7,180,517		8,575,677
Centauro Co-Investment Fund, L.P. ^{+, a, c}	Limited partnership interest	11/28/13		—		936,917		1,160,912
PG Investment Company 1113B S.à r.l. ^{+, a, e}	Common equity	10/01/24		63,259,178		31,797,288		190,968,574
PG Investment Company 53 S.à.r.l. ^{+, a}	Preferred equity	03/04/24		6,084,618		6,624,409		9,285,108
PG Investment Company 53 S.à.r.l. ^{+, a}	Common equity	03/04/24		711,884		774,648		4,378,676
Velvet LP SCS ^{+, a, c}	Limited partnership interest	03/04/24		—		144,157		203,922
Total Rest of World (1.50%)								214,572,869
Western Europe (25.37%)
Akur8 SAS ^{+, a, e}	Common equity	08/28/24		684,686		7,155,760		8,387,633
Akur8 SAS ^{+, a, e}	Preferred equity	08/28/24		876,616		9,814,728		10,738,838
Ark EquityCo SAS ^{+, a, c, e}	Limited partnership interest	02/21/22		—		12,366,563		17,428,219
Aston Lux Acquisitions S.à.r.l. ^{+, a, c}	Limited partnership interest	11/28/19		—		3,798,292		4,544,135
Aston Lux Acquisitions S.à.r.l. ^{+, a}	Common equity	01/11/21		2,948		264,626		309,303
Astorg VIII Co-Invest Open Health ^{+, a, c}	Limited partnership interest	08/04/22		—		21,849,512		6,800,996
Astorg VIII Co-Invest Open Health ^{+, a, c, e}	Limited partnership interest	07/14/23		—		402,797		114,081
Audiotonix Co-Invest SCSp ^{+, a, c, e}	Limited partnership interest	07/23/24		—		13,873,440		17,613,454
BC European Capital X - Ceramtec Co-Investment (1) LP ^{+, a, e}	Common equity	02/06/18		—		700,484		1
Blackstone Cornerstone Co-Invest (CYM) L.P. ^{+, a, c, e}	Limited partnership interest	04/16/24		—		22,246,954		22,976,254
Capri Acquisitions Topco Limited ^{+, a, e}	Common equity	11/01/17		8,345,985		83,995,867		17,943,828
CD&R Market Co-Investor, L.P. ^{+, a, c, e}	Limited partnership interest	11/10/21		—		78,727,683		59,937,983
Ciddan S.à.r.l. ^{+, a, e}	Common equity	09/15/17		9,810,592		3,198,665		15,284,791
Climeworks AG ^{+, a, e}	Preferred equity	04/25/22		2,629,930		68,066,218		79,238,642
Climeworks AG ^{+, a}	Common equity	04/25/22		18,455		465,142		5,109
EQT Future Co-Investment (C) SCSp ^{+, a, c}	Limited partnership interest	02/15/23		—		41,681,813		93,783,179
EQT Jaguar Co-Investment SCSp ^{+, a, c, e}	Limited partnership interest	11/30/18		—		33,421,401		73,946,345
EQT VIII Co-Investment (D) SCSp ^{+, a, c, e}	Limited partnership interest	10/01/19		—		1		1
Fides S.p.A ^{+, a}	Common equity	12/15/16		—		747,281		1
Five Arrows Royal FAPI IV Co Invest SCSp ^{+, a, c, e}	Limited partnership interest	07/05/24		—		4,660,720		4,744,212
Global Blue Holding L.P. ^{+, a, c}	Limited partnership interest	07/31/12		—		1		196,711
Green DC LuxCo S.à.r.l. ^{+, a, b, c, e}	Member interest	01/20/22		—		37,402,098		45,653,712
Green DC LuxCo S.à.r.l. ^{+, a, b, e}	Common equity	01/20/22		—		95,864,889		314,052,197
Green DC LuxCo S.à.r.l. ^{+, a, b, c, e}	Member interest	01/20/22		—		19,648,729		21,717,772
Hera Co-investment LP ^{+, a, c, e}	Limited partnership interest	10/25/24		—		16,836,401		11,638,583
KKR Pegasus Co-Invest L.P. ^{+, a, c}	Limited partnership interest	07/07/22		—		11,664,381		21,040,008
KKR Sprint Co-Invest L.P. ^{+, a, c}	Limited partnership interest	09/29/22		—		42,840,839		—
KKR Traviata Co-invest L.P. ^{+, a, c}	Limited partnership interest	12/18/19		—		92,759,254		150,188,951
Laboratoires Serb ^{+, a, e}	Common equity	01/15/26		—		389,792		1,320,123
Laboratoires Serb ^{+, a, e}	Preferred equity	01/15/26		—		2,654,829		2,742,317

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Private Equity Investments (continued)
*Direct Investments ^ (continued)**
Direct Equity (continued)
Lumen Topco Limited ^{+, a, b}	Common equity	06/24/26		11,873,009	$	2,401,999	$	—
Lumen Topco Limited ^{+, a, b}	Preferred equity	06/24/26		225,587,178		45,637,989		214,259,157
Luxembourg Investment Company 261 S.à.r.l. ^{+, a}	Common equity	07/31/18		1,484		4,782,604		55,622,741
Luxembourg Investment Company 285 S.à.r.l. ^{+, a, b}	Preferred equity	08/22/19		7,865,820		17,060,688		—
Luxembourg Investment Company 285 S.à.r.l. ^{+, a, b, c}	Member interest	08/22/19		—		17,060,688		—
Luxembourg Investment Company 285 S.à.r.l. ^{+, a, b}	Common equity	08/22/19		6,999,953		3,379,415		—
Luxembourg Investment Company 293 S.à.r.l. ^{+, a, e}	Common equity	06/26/19		9,789,622		18,472,753		561,041
Luxembourg Investment Company 314 S.à.r.l. ^{+, a, b}	Common equity	08/22/19		192,000		7,796		1
Luxembourg Investment Company 404 S.à.r.l. ^{+, a, b, e}	Common equity	02/14/23		145,800		1,683,674		4,090,902
Luxembourg Investment Company 404 S.à.r.l. ^{+, a, b, e}	Preferred equity	02/14/23		—		14,941,180		18,237,663
Luxembourg Investment Company 414 S.à.r.l. ^{+, a, b, c, e}	Member interest	07/02/21		—		40,092,414		48,181,813
Luxembourg Investment Company 414 S.à.r.l. ^{+, a, b, e}	Common equity	07/02/21		12,316,087		9,766,168		94,931,426
Luxembourg Investment Company 430 S.à.r.l. ^{+, a, b, e}	Common equity	05/10/21		52,594,635		64,616,036		51,326,052
Luxembourg Investment Company 430 S.à.r.l. ^{+, a, b, c, e}	Member interest	05/10/21		—		15,139,432		18,398,096
Magnesium Co-Invest SCSp ^{+, a, c, e}	Limited partnership interest	05/19/22		—		78,803,152		115,842,446
Menrva Co-Investment, L.P. ^{+, a, c}	Limited partnership interest	11/22/24		—		11,034,169		13,124,438
Nerve Co-Invest SCSp ^{+, a, c, e}	Limited partnership interest	01/27/21		—		46,760,051		86,179,149
Oakley Capital V Co-Investment (A) SCSp ^{+, a, c, e}	Limited partnership interest	12/12/22		—		54,808,700		109,956,500
Orbiter Investments S.à.r.l. ^{+, a, b, e}	Common equity	12/17/21		8,568,857		189,396,339		216,575,498
OT Luxco 3 & Cy S.C.A. ^{+, a}	Warrants	12/01/17		844,553		—		581,319
Partners Group Satellite HoldCo S.à.r.l. ^{+, a, b, e}	Common equity	03/22/23		8,018,473		4,779,063		—
Partners Group Satellite HoldCo S.à.r.l. ^{+, a, b, e}	Preferred equity	03/22/23		9,110,800		54,918,380		23,675,902
Partners Group Satellite Warehouse S.C.S. ^{+, a, b, c}	Member interest	03/22/23		—		1,455,807		880,646
PG Investment Company 18 S.à.r.l. ^{+, a, b, e}	Preferred equity	07/07/22		113,856,528		115,820,054		204,353,119
PG Investment Company 18 S.à.r.l. ^{+, a, b, e}	Common equity	07/07/22		12,650,106		128,268		54,370,017
PG Investment Company 24 S.à.r.l. ^{+, a, b, e}	Common equity	07/13/22		873,890		1,135,700		19,812,861
PG Investment Company 24 S.à.r.l. ^{+, a, b, e}	Preferred equity	07/13/22		101,367,616		102,497,783		169,085,552
PG Investment Company 60 S.à r.l. ^{+, a, e}	Common equity	01/31/24		109,610		119,065		1,166,773
PG Investment Company 60 S.à r.l. ^{+, a, e}	Preferred equity	01/31/24		4,647,265		10,220,605		12,767,401
PG Investment Company 67 S.à.r.l. ^{+, a, e}	Preferred equity	07/16/24		12,013,256		12,743,394		16,177,166
PG Investment Company 67 S.à.r.l. ^{+, a, e}	Common equity	07/16/24		1,335,641		1,414,770		8,295,625
PG Investment Company 69 S.à.r.l. ^{+, a}	Preferred equity	07/16/24		227,128		328,227		143,465
PG Investment Company 69 S.à.r.l. ^{+, a}	Common equity	07/16/24		50,580		580,738		476,540
PG Investment Company 71 S.à.r.l. ^{+, a, e}	Common equity	09/26/24		6,632,291		7,477,058		10,004,006
PG Investment Company 76 S.à.r.l. ^{+, a, b, e}	Common equity	09/03/24		358,449		426,626		1
PG Investment Company 76 S.à.r.l. ^{+, a, b, e}	Preferred equity	09/03/24		43,478,798		48,005,615		25,555,010
PG Investment Company 88 S.à r.l. ^{+, a, b}	Preferred equity	09/04/25		39,235,533		52,643,773		56,348,117
PG Investment Company 88 S.à r.l. ^{+, a, b}	Common equity	09/04/25		664,060		893,275		4,131,254
PG Lion Management Warehouse S.C.S ^{+, a, b, c}	Limited partnership interest	08/22/19		—		1,064,074		1
PG Polaris TopCo S.à r.l. ^{+, a, e}	Common equity	03/27/24		1,941,043		1,941,291		28,526,750
PG Polaris TopCo S.à r.l. ^{+, a}	Preferred equity	03/27/24		36,879,822		36,879,819		36,563,427
PG Polaris Warehouse SCSp ^{+, a, c, d}	Limited partnership interest	03/27/24		—		748,547		906,621
PG TLP S.à.r.l. ^{+, a, b, c, e}	Member interest	04/14/21		—		5,331,705		81,198,251
PG TLP S.à.r.l. ^{+, a, b, e}	Common equity	04/14/21		6,473,126		60,307,423		57,626,659
PG Wave Limited ^{+, a, b, e}	Common equity	02/03/22		53,215,581		86,765,208		151,631,151
PG Wave Limited ^{+, a}	Common equity	04/29/26		13,485,934		31,067,137		33,767,105

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Investment Type	Acquisition Date	Shares		Cost		Fair Value^**
Private Equity Investments (continued)
*Direct Investments ^ (continued)**
Direct Equity (continued)
Pharmathen GP S.à.r.l. ^{+, a, b}	Common equity	01/20/22		110,300	$	1,773	$	1
Pharmathen Topco S.à r.l. ^{+, a, b}	Preferred equity	01/20/22		—		15,544,624		—
Pharmathen Topco S.à.r.l. ^{+, a, b}	Preferred equity	01/20/22		98,858,068		112,190,937		—
Pharmathen Topco S.à.r.l. ^{+, a, b}	Common equity	01/20/22		79,910		85,739		1
Polyusus Lux XXIII S.à.r.l. ^{+, a, e}	Preferred equity	08/19/21		—		3,078		1
Polyusus Lux XXIII S.à.r.l. ^{+, a, e}	Preferred equity	08/19/21		—		9,198		1
Polyusus Lux XXIII S.à.r.l. ^{+, a, e}	Common equity	08/19/21		—		2,333		1
Refresco 2 Co-Invest SCSp ^{+, a, c}	Limited partnership interest	07/12/22		—		33,461,675		61,599,894
Rivage Luxco S.à.r.l. ^{+, a, e}	Common equity	02/22/22		450,000		51,322,096		51,771,030
Root JVCo S.à.r.l. ^{+, a, b}	Preferred equity	09/29/20		8,686,753		42,469,064		67,167,078
Root JVCo S.à.r.l. ^{+, a, b}	Common equity	09/29/20		2,362,997		2,896,582		4,349,837
Root JVCo S.à.r.l. ^{+, a, b, c}	Member interest	09/29/20		—		36,261,531		47,525,283
Strider Investment 2 ^{+, a, e}	Common equity	04/01/23		65,178		302,803		248,900
Strider Investment 3 ^{+, a, e}	Common equity	04/01/23		4,470		26,591		5,109
Strider Topco S.a.s. ^{+, a, c}	Member interest	04/01/23		—		3,389,622		4,743,036
Strider Topco S.a.s. ^{+, a, e}	Common equity	04/01/23		8,414,466		8,834,459		32,019,248
Strider Topco S.a.s. ^{+, a, e}	Preferred equity	04/01/23		54,256,944		56,579,460		84,250,351
Surfaces SLP (SCSp) ^{+, a, b, c}	Limited partnership interest	10/01/20		—		34,731,898		13,481,871
T InvestCo Lux I S.à r.l. ^{+, a, e}	Common equity	10/07/25		620,486		5,860,389		16,095,493
T InvestCo Lux I S.à r.l. ^{+, a, e}	Preferred equity	10/07/25		2,171,868		36,399,586		38,073,019
Vanquish Bidco ^{+, a, c}	Member interest	05/25/23		—		4,453,268		6,030,465
Vanquish Topco ^{+, a}	Common equity	05/25/23		379,731		936,729		1
Vanquish Topco ^{+, a}	Preferred equity	05/25/23		34,851,987		42,986,878		18,411,056
Veonet Co-Invest SCSp (Lux) ^{+, a, c, e}	Limited partnership interest	03/09/22		—		26,414,456		45,646,753
Zephyr Syndication L.P. ^{+, a, c, e}	Limited partnership interest	08/08/24		—		12,381,998		15,161,575
Zoncolan Topco S.à.r.l. ^{+, a, b, c}	Member interest	10/28/21		—		61,194,518		60,440,753
Zoncolan Topco S.à.r.l. ^{+, a, b, e}	Common equity	10/28/21		20,383,872		40,537,744		18,396,754
Zoncolan Topco S.à.r.l. ^{+, a, b, e}	Preferred equity	08/01/24		5,384,750		5,822,805		7,838,983
Total Western Europe (25.37%)								3,640,935,535
Total Direct Equity (55.20%)					$	5,656,387,611	$	7,920,169,849
Direct Debt**** (3.88%)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Cost

Fair
Value^**

Asia - Pacific (0.24%)

BYJU's Alpha, Inc. ^{+, a}

Cash 8.00% + P (0.75% Floor)

01/19/22

11/24/26

Senior

—

Fugue Finance B.V. ^{+, a}

Cash 4.50% + SF (0.50% Floor)vv

03/10/23

01/31/28

Senior

26,553

—

Fugue Finco Pty Ltd. ^{+, a, e}

Cash 5.75% + BBSY††

04/10/24

04/10/30

Senior

1,671,214

1,646,575

Fugue Finco Pty Ltd. ^{+, a}

Cash 5.75% + BBSY††

04/10/24

05/30/30

Senior

3,621,280

3,512,641

3,747,240

Fugue NZ Bidco Limited ^{+, a}

Cash 5.75% + BBSY††

04/10/24

05/30/30

Senior

2,370,912

2,299,785

2,188,878

Global Academic Group Limited ^{+, a}

Cash 6.00% + BBSY (0.50% Floor)††

07/26/22

07/26/27

Senior

12,728,400

12,676,430

11,590,775

Global Academic Group Limited ^{+, a, e}

Cash 6.00% + BBSY (0.50% Floor)††

07/26/22

07/26/27

Senior

395,158

398,645

Global Academic Group Limited ^{+, a}

Cash 4.91% + BBSY ††

01/30/25

07/26/27

Senior

653,208

649,373

725,613

Global Academic Group Limited ^{+, a}

Cash 6.00% + BBSY (0.50% Floor)††

07/29/22

07/29/27

Senior

4,651,970

4,632,740

4,619,380

Greencross Limited ^{+, a}

Cash 4.50% + BBSY (0.75% Floor)††

09/30/24

03/23/28

Senior

9,270,252

9,217,782

9,191,402

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Cost

Fair
Value^**

Private Equity Investments (continued)

Direct Investments ^* (continued)

Direct Debt**** (continued)

UP Education ^{+, a, e}

12/16/24

07/29/27

First Lien

—

Total Asia - Pacific (0.24%)

34,108,508

North America (2.45%)

Aimbridge Acquisition Co., Inc. ^{+, a}

Cash 5.60% + SFv

03/20/25

03/11/30

Senior

564,906

555,373

Apex Tool Group ^{+, a}

Cash 5.25% + SF (0.50% Floor)v

02/22/22

02/08/29

Senior

3,154,670

3,019,535

340,361

Aptean, Inc ^{+, a}

Cash 5.25% + SF (0.75% Floor)vv

01/30/24

01/30/31

Senior

6,974,841

6,928,576

6,942,089

Aptean, Inc ^{+, a, e}

Cash 5.25% + SF (0.75% Floor)vv

01/30/24

01/30/31

Senior

1,219,902

1,215,031

1,214,173

AQA Acquisition Holding, Inc. ^{+, a}

Cash 4.25% + SF (0.50% Floor)vv

03/18/21

03/03/28

Senior

—

BlueConic Holding, Inc. ^{+, a}

Cash 6.50% + SF (0.75% Floor)vv

01/27/22

01/27/28

Senior

18,912,000

18,790,191

18,308,153

BlueConic Holding, Inc. ^{+, a}

Cash 6.50% + SF (0.75% Floor)vv

06/13/23

01/27/28

Senior

7,092,000

7,007,272

6,865,557

Brand Industrial Services, Inc. ^{+, a}

Cash 4.50% + SF (0.50% Floor)vv

04/19/24

08/01/30

Senior

4,702,979

4,665,951

3,668,324

Brown Group Holding, LLC ^{+, a}

Cash 3.00% + SF (0.50% Floor)v

06/09/22

07/02/29

Senior

3,962,780

3,939,733

3,980,058

Brown Group Holding, LLC ^{+, a}

Cash 2.50% + SFv

05/23/24

07/01/31

Senior

2,946,876

2,956,532

2,960,034

Campaign Monitor (UK) Limited ^{+, a}

Cash 8.90% + SF (1.00% Floor)vv + PIK 5.25%

01/01/21

11/06/26

Second Lien

2,286,928

2,278,532

2,149,654

Carestream Dental Technology, Inc. ^{+, a}

PIK 14.00%

08/30/24

08/30/31

Senior

4,750,515

4,268,969

4,268,967

CD&R Hydra Buyer, Inc. ^{+, a}

Cash 4.00% + SFv

03/15/24

03/25/31

Senior

4,918,217

4,906,874

4,938,702

ConnectWise, LLC ^{+, a}

Cash 3.50% + SF (0.76% Floor)vv

10/06/21

09/29/28

Senior

3,582,474

3,576,577

3,328,119

Cornerstone Building Brands, Inc. ^{+, a}

Cash 3.25% + SFv

06/24/24

04/12/28

Senior

2,969,403

2,963,744

1,777,396

Cornerstone Building Brands, Inc. ^{+, a}

Cash 4.50% + SFv

05/17/24

05/15/31

Senior

1,670,250

1,663,940

868,530

Cornerstone OnDemand, Inc. ^{+, a}

Cash 6.00% + SF (1.00% Floor)v

09/07/23

10/16/28

Senior

2,910,000

2,865,236

2,805,447

Critical Start, Inc. ^{+, a, e}

Cash 6.25% + SF (0.75% Floor)vv + PIK 3.62%

03/27/23

05/17/28

Senior

9,235,418

9,176,795

6,573,678

Critical Start, Inc. ^{+, a, e}

Cash 3.13% + SF (0.75% Floor)vv + PIK 3.625%

03/27/23

05/17/28

Senior

1,348,750

707,695

499,140

Critical Start, Inc. ^{+, a, e}

Cash 3.125% + SF (0.75% Floor)vv + PIK 4.25%

03/27/23

05/17/28

Senior

5,035,284

4,979,032

3,584,065

Datix Bidco Limited ^{+, a}

Cash 5.00% + S>>>

04/25/24

04/30/31

Senior

901,982

883,942

946,598

Dentive Capital, LLC ^{+, a, e}

Cash 6.75% + SF (0.75% Floor)vv + PIK 4.25%

12/23/22

12/22/28

Senior

10,441,922

9,590,368

8,968,270

Dentive Capital, LLC ^{+, a, e}

Cash 6.75% + SF (0.75% Floor)vv

12/23/22

12/22/28

Senior

808,942

803,892

802,395

Dentive Capital, LLC ^{+, a, e}

Cash 6.75% + SF (0.75% Floor)vv+ PIK 4.25%

12/23/22

12/22/28

Senior

4,600,265

4,563,140

4,294,036

Dentive, LLC ^{+, a, e}

Cash 3.00% + SFvv + PIK 4.25%

05/03/24

12/23/28

Senior

4,132,871

4,075,864

3,857,755

Dieter’s Metal Fabricating Limited ^{+, a}

Cash 5.25% + SF (1.00% Floor)vv

12/19/23

12/19/29

Senior

431,659

426,069

420,868

Diligent Corporation ^{+, a, e}

Cash 8.42% + SFvv

05/02/24

08/02/30

Senior

3,575,690

2,115,787

2,008,383

Diligent Corporation ^{+, a, e}

Cash 5.00% + SFvv

04/30/24

08/04/30

Senior

23,241,619

23,129,220

22,447,921

Dwyer Instruments, Inc. ^{+, a, e}

Cash 3.75% + P

03/31/25

07/20/29

Senior

1,382,680

1,159,406

1,169,847

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Cost

Fair
Value^**

Private Equity Investments (continued)

Direct Investments ^* (continued)

Direct Debt**** (continued)

Eagle Broadband Investments, LLC ^{+, a, e}

Cash 3.00% + SF (0.75% Floor)vv

04/24/24

11/12/27

Senior

7,870,570

7,741,862

5,637,296

Element Materials Technology ^{+, a, e}

Cash 4.25% + SFvv

08/17/22

06/22/29

Senior

5,827,367

5,796,140

5,856,503

Evergreen Services Group LLC ^{+, a}

Cash 6.25% + SF (0.75% Floor)vv

06/15/22

06/15/29

Senior

9,531,251

9,455,731

9,429,744

Evergreen Services Group, LLC ^{+, a}

Cash 6.25% + SF (0.75% Floor)vv

07/31/23

06/15/29

Senior

4,204,787

4,096,335

4,160,005

Evergreen Services Group, LLC ^{+, a, e}

Cash 5.25% + SFvv

02/26/24

06/15/29

Senior

4,154,221

4,127,555

4,109,979

GoTo Group, Inc. ^{+, a}

4.75% + SFv

02/05/24

04/30/28

Senior

—

Gurobi Optimization, LLC ^{+, a, e}

Cash 4.50% + SFvv

09/10/24

09/10/31

Senior

8,283,539

7,497,570

7,557,861

Halo Parent Newco, LLC ^{+, a}

6.00%

02/22/22

12/31/99

Senior

24,512,390

24,193,670

6,411,068

Heartland Home Services, Inc. ^{+, a}

Cash 6.75% + SF (1.00% Floor)vv

11/08/22

12/15/26

Senior

11,610,000

11,534,849

11,502,451

High Bar Brands Operating LLC ^{+, a, e}

Cash 5.25% + SF (1.00% Floor)vv

12/19/23

12/19/29

Senior

365,383

44,206

37,485

High Bar Brands Operating LLC ^{+, a}

Cash 5.25% + SF (1.00% Floor)vv

12/19/23

12/19/29

Senior

2,071,964

2,047,611

2,020,164

Ineos Quattro Holdings UK Limited ^{+, a}

Cash 4.25% + SF (0.50% Floor)v

03/07/24

04/02/29

Senior

5,470,010

5,280,993

4,805,404

Iris Holdings Inc. ^{+, a}

Cash 4.75% + SF (0.50% Floor)vv

06/15/22

06/28/28

Senior

—

45,761

—

KSLB Holdings, LLC ^{+, a}

Cash 8.75% + SF (1.00% Floor)vv

01/01/21

01/26/28

Second Lien

3,212,308

3,208,717

2,745,509

Lakeshore Learning Materials, LLC ^{+, a}

Cash 3.50% + SFv

06/06/24

09/29/28

Senior

971,959

971,280

904,802

LBM Acquisition, LLC ^{+, a}

Cash 3.75% + SFv

08/02/24

06/06/31

Senior

4,637,990

4,601,426

3,878,519

Magenta Buyer LLC ^{+, a}

1.50% + SFvv

10/01/24

07/27/28

Senior

—

Magenta Buyer LLC ^{+, a}

Cash 6.25% + E##, PIK 5.5%

10/01/24

07/27/28

Senior

11,604

622,360

1,998

Max US BidCo, Inc. ^{+, a}

Cash 5.00% + SF (0.50% Floor)vv

10/11/23

10/03/30

Senior

4,887,500

4,719,231

4,539,266

McAfee Corp. ^{+, a}

3.50% + SFvv

05/22/24

03/01/29

Senior

5,237,855

5,109,632

5,013,748

Naked Juice LLC ^{+, a}

Cash 3.25% + SFvv

05/23/24

01/24/29

Senior

—

Nelipak Healthcare Packaging ^{+, a, e}

5.50% + SFvv

04/04/24

03/26/31

Senior

659,627

655,235

656,329

Nelipak Holding Company ^{+, a, e}

5.50% + SFvv

04/04/24

03/26/31

Senior

792,616

118,294

119,622

Nelipak Holding Company ^{+, a, e}

Cash 5.50% + SF (1.00% Floor)vv

04/04/24

03/26/31

Senior

2,717,247

2,686,708

2,703,661

Nelipak Holding Company ^{+, a}

5.50% + SFvv

05/04/26

03/26/32

Senior

178,024

175,356

177,134

OceanKey (U.S.) II Corp. ^{+, a}

Cash 3.50% + SF (0.05% Floor)vv

01/06/22

12/15/28

Senior

3,969,098

3,780,091

3,824,127

Oscar AcquisitionCo, LLC ^{+, a, e}

Cash 4.50% + SF (0.50% Floor)v

02/08/24

04/29/29

Senior

7,321,259

7,367,035

4,793,155

Pascal Midco 2, LLC ^{+, a}

Cash 5.75% + SF (0.75% Floor)vv

07/01/22

07/21/27

Senior

13,293,217

13,166,905

13,286,537

PDI TA Holdings, Inc. ^{+, a, e}

Cash 5.50% + SF (0.75% Floor)vv+ PIK 2.5%

02/06/24

02/01/31

Senior

8,816,305

8,758,448

8,410,755

PDI TA Holdings, Inc. ^{+, a, e}

Cash 5.50% + SF (0.75% Floor)vv

02/01/24

02/03/31

Senior

746,280

741,168

711,951

Peraton Inc. ^{+, a}

3.75% + SFvv

04/12/21

02/01/28

Senior

—

Pre-Paid Legal Services, Inc. ^{+, a, e}

Cash 3.75% + SF (0.50% Floor)v

01/18/22

12/15/28

Senior

7,050,258

7,065,482

6,530,936

Pre-Paid Legal Services, Inc. ^{+, a}

Cash 7.00% + SFv

01/18/22

12/14/29

Senior

318

—

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Cost

Fair
Value^**

Private Equity Investments (continued)

Direct Investments ^* (continued)

Direct Debt**** (continued)

Premier Care Dental Management, LLC ^{+, a, e}

Cash 5.00% + SFv

05/31/24

08/05/28

Senior

9,520,071

9,480,055

9,388,870

Pretium PKG Holdings, Inc. ^{+, a}

6.75%

05/06/25

10/01/29

Senior

334,831

445,640

Pretium PKG Holdings, Inc. ^{+, a}

5.75%

03/25/26

03/02/31

Senior

1,278,736

1,024,143

Pretium PKG Holdings, Inc. ^{+, a}

5.25%

03/02/26

03/01/32

Senior

1,800,000

1,790,262

PT Intermediate Holdings III, LLC ^{+, a, e}

Cash 4.75% + SFvv + PIK 1.75%

04/09/24

04/09/30

Senior

27,809,431

27,763,623

27,392,289

PT Intermediate Holdings III, LLC ^{+, a, e}

Cash 4.75% + SFvv

04/09/24

04/09/30

Senior

862,811

861,994

849,869

Radwell Parent, LLC ^{+, a, e}

Cash 6.75% + SF (0.75% Floor)vv

12/01/22

04/01/29

Senior

1,120,924

309,111

302,021

Raptor Parent, LLC ^{+, a}

Cash 6.52% + SF (0.75% Floor)vv

04/06/22

04/01/29

Senior

—

Recorded Books Inc. ^{+, a}

Cash 4.00% + SFv

06/17/22

08/29/25

Senior

375

—

Redstone Holdco 2 LP ^{+, a}

Cash 4.75% + SFvv

05/10/21

04/27/28

Senior

—

1,496

—

Redstone Holdco 2 LP ^{+, a}

Cash 7.75% + SFvv

05/03/21

04/16/29

Second Lien

—

Riverside Assessments, LLC ^{+, a, e}

Cash 5.25% + SFvv

03/19/24

03/19/31

Senior

2,655,965

2,950,577

2,963,852

RL Datix Holdings (USA), Inc. ^{+, a}

Cash 5.00% + SFvvv

04/25/24

04/30/31

Senior

2,399,040

2,362,473

2,372,023

Rocket Software, Inc. ^{+, a}

Cash 4.25% + SFv

12/05/18

11/28/28

Senior

—

Rough Country, LLC ^{+, a}

Cash 3.25% + SF (0.75% Floor)v

08/03/21

07/26/28

Senior

—

Sabre GLBL Inc. ^{+, a}

Cash 3.50% + SFv

08/09/21

12/17/27

Senior

—

Sandvine Corporation ^{+, a}

Cash 1.00% + SFvv; PIK 5.00%

03/03/25

03/01/30

Senior

624,269

594,663

529,068

Sedgwick Claims Management Services, Inc. ^{+, a}

Cash 3.75% + SFv

08/09/24

02/24/28

Senior

4,046,672

4,036,080

4,023,666

Senneca Holdings, Inc. ^{+, a}

PIK 11.00%

01/01/21

05/11/26

Second Lien

—

Senneca Holdings, Inc. ^{+, a}

PIK 10.00%

05/01/26

11/11/29

Second Lien

2,690,117

2,200,905

2,599,652

Sound Inpatient Physicians, Inc ^{+, a}

Cash 3.50% + SFv

07/01/24

06/28/28

Senior

2,041

4,318

6,272

Sound Inpatient Physicians, Inc. ^{+, a}

Cash 5.50% + SFvv; PIK 1.00%

06/04/24

06/28/28

Senior

578,929

560,308

589,784

Tank Holding Corp. ^{+, a, e}

Cash 5.75% + SF (0.75% Floor)vv

04/11/22

03/31/28

Senior

21,479,705

20,625,160

19,192,341

Tivity Health Inc ^{+, a}

Cash 6.00% + SF (0.75% Floor)vv

06/28/22

06/28/29

Senior

20,182,225

20,067,528

20,153,994

Verde Purchaser, LLC ^{+, a}

Cash 4.00% + SFvv

05/10/24

11/30/30

Senior

7,078,962

7,075,635

6,711,953

White Cap Supply Holdings, LLC ^{+, a}

Cash 3.25% + SFv

06/06/24

10/19/29

Senior

4,531,000

4,526,071

4,533,016

YI Group Midco, LLC ^{+, a, e}

Cash 5.75% + SF (1.00% Floor)v

12/01/23

12/01/29

Senior

6,952,058

5,903,716

5,857,673

Total North America (2.45%)

351,096,290

Western Europe (1.19%)

AD Education ^{+, a}

PIK 8.50%

06/21/22

03/30/29

Mezzanine

18,669,862

18,578,001

13,171,256

Asgard Investments B.V. ^{+, a}

Cash 5.50% + E##

03/15/22

03/15/29

Senior

13,721,320

13,584,381

14,221,729

Biscuit Holding S.A.S ^{+, a, e}

Cash 4.00% + E###

06/03/24

02/12/27

Senior

2,000,000

2,123,813

1,925,950

BME Group Holding B.V. ^{+, a}

Cash 4.75% + E##

03/22/24

10/30/26

Senior

1,965,517

2,074,846

1,895,552

Constellation BidCo GmbH ^{+, a}

Cash 5.25% + E##

10/26/22

06/27/29

Senior

26,760,488

26,471,387

30,222,164

Constellation HoldCo GmbH ^{+, a, e}

Cash 5.25% + E##

08/08/24

08/08/31

Senior

1,110,043

1,103,588

1,133,331

DataCo AcquiCo GmbH ^{+, a, e}

Cash 6.25% + E##

06/11/25

01/31/31

Senior

276,616

211,779

265,123

DataCo AcquiCo GmbH ^{+, a}

Cash 6.00% + E###

01/26/24

01/31/31

Senior

9,473,132

9,310,651

9,764,104

Financiere Astek ^{+, a, e}

Cash 6.50% + E##

04/25/24

04/25/31

Senior

2,722,290

2,685,014

2,830,106

Financiere Astek ^{+, a}

Cash 6.50% + E##

04/25/24

04/25/31

Senior

6,333,943

6,159,759

6,758,507

Financière Mendel ^{+, a}

Cash 3.25% + SFvv

12/06/23

11/12/30

Senior

—

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Interest

Acquisition
Date

Maturity
Date

Investment
Type

Principal

Cost

Fair
Value^**

Private Equity Investments (continued)

Direct Investments ^* (continued)

Direct Debt**** (continued)

Grupo Iberica Congelados, SA ^{+, a}

Cash 7.75% + E###

06/28/19

11/30/27

Senior

—

Grupo Iberica Congelados, SA ^{+, a}

Cash 7.75% + E##

06/28/19

11/30/27

Senior

—

Gulfstream Bidco AS ^{+, a}

Cash 5.00% + SFvv

04/14/25

01/23/31

Senior

8,914,301

8,770,064

8,811,611

Hunter Holdco 3 Limited ^{+, a, e}

Cash 4.25% + SF (0.50% Floor)vv

08/26/21

08/19/28

Senior

10,285,188

10,244,523

9,898,207

Ineos Quattro Holdings UK Limited ^{+, a}

Cash 3.75% + SFv

03/17/23

03/01/30

Senior

1,940,000

1,928,441

1,629,600

Nobel Bidco B.V. ^{+, a}

Cash 3.50% + E###

06/12/24

09/01/28

Senior

—

235

—

PEARLS (Netherlands) Bidco B.V. ^{+, a}

Cash 4.00% + SFvv

03/30/22

03/01/29

Senior

2,414,978

2,407,445

2,203,667

PEARLS (Netherlands) Bidco B.V. ^{+, a}

3.50% + E##

06/06/24

02/26/29

Senior

4,000,000

4,361,648

4,311,956

Planet US Buyer LLC ^{+, a}

Cash 3.50% + SFvv

02/20/24

02/07/31

Senior

2,842,000

2,836,933

2,857,986

Rainbow UK Holdco Limited ^{+, a}

Cash 3.75% + E###

05/31/24

02/26/29

Senior

12,478,373

11,944,026

12,701,966

RC Acquisition II B.V. ^{+, a, e}

Cash 6.10% + E##

12/19/23

12/18/30

Senior

947,450

934,423

934,995

RC Acquisition II B.V. ^{+, a}

Cash 6.25% + E##

12/19/23

12/18/30

Senior

9,234,378

9,057,496

9,474,339

Sevetys Invest ^{+, a, e}

Cash 6.25% + E##, PIK 2.5%

12/16/22

08/03/29

Senior

17,829,649

17,540,062

18,814,977

Skywalker BidCo GmbH ^{+, a}

Cash 6.00% + E###

12/20/23

12/20/30

Senior

8,289,306

8,175,020

8,634,246

Veeam Software ^{+, a}

Cash 3.25% + SFvv

05/06/25

02/28/27

Senior

2,220,223

2,199,902

2,163,329

Virgin Media Bristol LLC ^{+, a}

Cash 3.25% + SFv

06/25/24

01/31/29

Senior

7,000,000

6,980,906

6,707,610

Total Western Europe (1.19%)

171,332,311

Total Direct Debt (3.88%)

596,183,081

556,537,109

Total Direct Investments (59.08%)

6,252,570,692

8,476,706,958

Secondary Investments^{*, c} (17.41%)

	Acquisition Date	Cost		Fair Value
Asia - Pacific (1.35%)
Affinity Asia Pacific Fund IV (No.2) L.P. ^{+, a, e}	09/30/24	$	1,103,381	$	3,174,993
Archer Capital Fund 5 ^{+, a, e}	09/30/24		1		36,126
Bain Capital Asia Fund II, L.P. ^{+, a, e}	03/31/25		193,818		466,340
Baring Asia Private Equity Fund IV, L.P. ^{+, a, e}	11/24/09		5,345		1
Carlyle Asia Partners IV, L.P. ^{+, a, e}	12/31/24		481,886		759,829
Carlyle Asia Partners V, L.P. ^{+, a, e}	12/31/24		2,186,341		1,867,898
Crescent Capital Partners IV, LP ^{+, a, e}	09/30/24		200,112		93,334
CVC Capital Partners Asia Pacific III, L.P. ^{+, a, e}	12/31/24		1,242,005		258,192
CVC Capital Partners Asia Pacific IV, L.P. ^{+, a, e}	12/31/24		535,251		878,815
Hony Capital Fund VIII (Cayman), L.P. ^{+, a, e}	12/31/24		673,531		1,131,221
KKR Asian Fund III L.P. ^{+, a, e}	12/31/24		218,064		308,819
KV Asia Capital Fund I L.P. ^{+, a, e}	09/30/24		1		27,883
MBK Partners Colonel Fund, L.P. ^{+, a, e}	09/20/21		47,732,595		84,728,125
Navis Asia Fund VII, L.P. ^{+, a, e}	03/31/25		8,484,662		13,901,389
North Haven Private Equity Asia III, L.P. ^{+, a, e}	03/31/25		1		297,107
Primavera Capital Fund III L.P. ^{+, a, e}	12/31/24		1,143,754		1,312,891
The Baring Asia Private Equity Fund VII, L.P. ^{+, a, e}	12/31/24		2,860,162		3,552,152
Tiara CG Private Equity Fund 2017, L.P. ^{+, a, e}	03/31/25		7,037,359		10,154,847
Tiara CG Private Equity Fund 2019, L.P. ^{+, a, e}	03/31/25		9,792,428		15,022,299
Tiara CG Private Equity Fund 2019S, L.P. ^{+, a, e}	03/31/25		2,077,961		4,120,283
TPG Asia VII (B), L.P. ^{+, a, e}	12/07/18		6,717,379		18,054,105
TRG Growth Partnership (Offshore) II, L.P. ^{+, a, e}	08/02/10		1		1
TRG Growth Partnership (Offshore), L.P. ^{+, a, e}	08/02/10		46,978		1

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
Asia - Pacific (continued)
Warburg Pincus China L.P. ^{+, a}	12/31/24	$	1,423,261	$	1,687,917
Yunfeng Capital Fund III, L.P. ^{+, a, e}	05/18/21		30,625,342		25,340,450
Yunfeng Capital Fund IV, L.P. ^{+, a, e}	05/31/21		7,232,088		7,048,812
Total Asia - Pacific (1.35%)					194,223,830
North America (12.01%)
Abry Partners VII, L.P. ^{+, a, e}	01/01/26		5,920		42,900
ACP Investment Fund, L.P. ^{+, a}	09/30/24		83,355		88,546
APH Extended Value Fund H LP (US) ^{+, a, e}	12/13/24		33,162,611		38,717,183
Apollo Investment Fund IX, L.P. ^{+, a, e}	01/01/25		667,476		799,263
Apollo Investment Fund VI, L.P. ^{+, a, e}	01/01/25		219,534		316,043
Apollo Investment Fund VII, L.P. ^{+, a, e}	07/01/10		60,993		1
Apollo Overseas Partners (Delaware) VII, L.P. ^{+, a, e}	10/01/09		1		1
Ardian Co-Investment Fund IV ^{+, a, e}	12/31/24		1,363,886		2,950,745
Ares Corporate Opportunities Fund V, L.P. ^{+, a, e}	01/01/25		1,059,748		1,151,457
Ares PE Extended Value Fund, L.P. ^{+, a, e}	11/14/19		24,131,817		35,248,982
Arroyo Investors Fund IV, L.P. ^{+, a, e}	02/25/25		5,941,644		6,718,882
ASP SEC Exchange Fund II LP ^{+, a, e}	09/30/24		12,065,278		27,742,912
August Capital V Special Opportunities, L.P. ^{+, a, e}	10/01/24		71,291		50,758
Avenue Golden Continuation Fund PV, L.P. ^{+, a, e}	07/29/22		2		1,153,775
Bain Capital Fund VII, L.P. ^{+, a}	12/31/24		29,611		368,806
Bain Capital Fund X, L.P. ^{+, a, e}	12/31/24		241,733		1,689,481
Bain Capital Fund XI, L.P. ^{+, a, e}	12/31/24		215,209		260,525
Bain Capital Fund XII, L.P. ^{+, a, e}	12/31/24		1		835,719
Bain Capital Venture Fund 2009, L.P. ^{+, a, e}	09/30/24		1		67,118
Bain Capital Venture Fund 2012, L.P. ^{+, a}	09/30/24		1,160,286		1,632,226
BC X Private Investors, L.P. ^{+, a, e}	12/31/24		148,594		326,871
BC XI Private Investor, L.P. ^{+, a, e}	12/31/24		538,128		647,708
Berkshire Fund VIII, L.P. ^{+, a, e}	09/03/21		1		4,326,725
Berkshire Fund VIII, L.P. ^{+, a, e}	09/30/24		1		231,502
Berkshire Fund X-A, L.P. ^{+, a, e}	09/03/21		21,161,136		27,930,287
Birch Hill Equity Partners (US) IV, LP ^{+, a, e}	01/13/25		33,027		78,709
Blackstone Capital Partners IV, L.P. ^{+, a, e}	03/31/25		1		1
Blackstone Capital Partners V, L.P. ^{+, a, e}	03/31/25		1		13,361
Blackstone Capital Partners V-S, L.P. ^{+, a, e}	03/31/25		—		1
Blackstone Capital Partners VIII ^{+, a, e}	03/31/25		1,839,481		1,828,068
BSI II Graduate Co-Invest I L.P. ^{+, a, e}	05/29/25		36,498,436		56,117,038
Carlyle Partners V, L.P. ^{+, a, e}	12/31/24		416,540		149,317
Carlyle Partners VII, L.P. ^{+, a, e}	12/31/24		22,674,855		35,771,741
Carlyle Partners VIII, L.P. ^{+, a, e}	03/10/23		5,317,606		6,469,974
Carlyle Syniverse Co-Investment, L.P. ^{+, a}	12/31/24		105,536		37,772
CCMP Capital Investors III, L.P. ^{+, a, e}	12/31/24		7,517		13,444
Centerbridge Seaport Acquisition Fund, L.P. ^{+, a, e}	05/12/22		163,612		169,811
Clayton, Dubilier & Rice Fund VIII, L.P. ^{+, a, e}	03/29/12		2		2
Clayton, Dubilier & Rice Fund X, L.P. ^{+, a, e}	12/31/24		760,594		892,028
Cortec Group Fund V, L.P. ^{+, a, e}	09/30/24		1		1
Court Square Capital Partners V ^{+, a, e}	12/20/24		1,253,401		1,002,163
DST Opportunities Access Offshore L.P. ^{+, a, e}	09/30/20		1		13,611,653
ECP Terra-Gen Growth Fund, L.P. ^{+, a, e}	03/23/21		1		21,006
EETF Sidecar, L.P. ^{+, a, e}	04/30/21		2		780,400
EnCap Energy Co-Investment Fund I-C, L.P. ^{+, a, e}	04/30/21		1		184,287
EnCap Energy Transition Fund I, L.P. ^{+, a, e}	04/30/21		1		228,905
Energy Capital Partners Credit Solutions II, L.P. ^{+, a, e}	02/03/21		1,251,716		1,936,323

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
North America (continued)
Energy Capital Partners III, L.P. ^{+, a, e}	02/01/21	$	1	$	4,929,729
Fengate Everest Continuation Fund L.P. ^{+, a, d, e}	06/17/24		20,966,928		30,759,972
FFL Capital Partners IV ^{+, a, e}	12/31/24		371,585		814,635
FFL Parallel Fund CF, L.P. ^{+, a, e}	12/31/24		2,983,831		4,745,300
Frazier Healthcare VI, L.P. ^{+, a}	06/30/12		1		1
FullBloom ^{+, a}	07/17/19		234,811		1
GA Continuity Fund I L.P. (Bermuda) ^{+, a, e}	06/30/21		55,450,958		76,646,199
General Atlantic Investment Partners 2021, L.P. ^{+, a, e}	07/02/21		8,980,617		11,004,067
General Atlantic Investment Partners 2023, L.P. ^{+, a, e}	12/01/22		5,444,904		6,506,595
Genstar Capital Partners IX, L.P. ^{+, a, e}	03/31/24		1,590,547		2,337,576
Genstar IX Opportunities Fund I ^{+, a, e}	03/31/24		643,864		1,011,809
Gores Capital Partners III, L.P. ^{+, a, e}	01/01/25		41,404		142,458
Green Equity Investors Side CF, L.P. ^{+, a, e}	04/16/21		19,200,256		47,825,092
Gridiron Energy Feeder I, L.P. ^{+, a, e}	05/15/17		1		7,436,051
Gridiron Energy, LLC ^{+, a}	10/01/24		1		4,406,464
Gryphon Partners 3.5, L.P. ^{+, a, e}	05/21/13		909		1
Gryphon Partners IV L.P. ^{+, a, e}	02/08/16		1		15,994,677
H.I.G. Bayside Debt & LBO Fund II, L.P. ^{+, a, e}	12/30/10		1		70,512
Icon Partners IV, L.P. ^{+, a, e}	05/26/21		33,752,699		40,608,716
Icon Partners V, L.P. ^{+, a, e}	12/27/21		79,841,689		86,866,882
Index Ventures Life VI (Jersey), L.P. ^{+, a, e}	09/30/24		272,611		1,451,826
Insight Venture Partners Continuation Fund, L.P. ^{+, a, e}	09/09/19		10,453,091		44,970,640
Insight Venture Partners X, L.P. (Project Solace) ^{+, a, e}	04/01/25		9,154,509		13,283,833
J.C. Flowers III-B L.P. ^{+, a, e}	12/31/24		24,084		45,224
J.C. Flowers IV L.P. ^{+, a, e}	12/31/24		64,116		516,149
JVP International 2019E, L.P. ^{+, a}	12/31/24		1		1
JVP Media V, L.P. ^{+, a}	12/31/24		704,405		473,062
JVP VII Opportunity A, L.P. ^{+, a}	12/01/25		3,843,824		5,399,154
JVP VII Opportunity, L.P. ^{+, a, e}	12/31/24		689,166		1,120,630
KKR Americas Fund XII (EEA) L.P. ^{+, a, e}	12/31/24		590,288		1,732,123
KKR Associates Indigo Equity Partners, L.P. ^{+, a}	06/09/22		123,483,875		144,960,067
KSL Capital Partners CV I, L.P. ^{+, a, e}	05/23/22		36,159,585		69,008,218
Lee Equity Partners II, L.P. ^{+, a, e}	06/30/17		59,748		2,508,826
Lee Equity Partners Realization Fund, L.P. ^{+, a}	06/30/17		1		2,476,286
LEP Captive Co-Invest II, L.P. ^{+, a}	07/01/22		13,153,333		25,188,541
LS Power Equity Partners III Feeder 1, L.P. ^{+, a, e}	01/01/25		1		2,356,939
Madison Dearborn Capital Partners V, L.P. ^{+, a, e}	12/31/24		4		4
Madison Dearborn Capital Partners VIII, L.P. ^{+, a, e}	03/15/21		4,523,701		8,354,222
Mainsail Partners III, L.P. ^{+, a, e}	09/30/24		303,723		192,031
Marlin Equity III, L.P. ^{+, a, e}	09/30/24		24,892		28,076
MidOcean Partners III, L.P. ^{+, a, e}	06/30/11		1		1
MidOcean Partners V, L.P. ^{+, a, e}	12/31/24		1,052,375		1,052,980
Monomoy Capital Partners II, L.P. ^{+, a, e}	09/30/15		1		20,137
New Enterprise Associates 14, L.P. ^{+, a, e}	10/01/24		3,750,356		8,980,600
New Enterprise Associates 17, L.P. ^{+, a, e}	09/30/20		5,763,228		8,164,217
New Mountain Capital V, L.P. ^{+, a, e}	12/31/24		233,999		295,160
NewView Capital Fund I, L.P. ^{+, a, e}	01/01/25		8,344,742		8,503,008
NGP Natural Resources X, L.P. ^{+, a, e}	09/30/24		65,075		244,372
Northgate Growth Fund, L.P. ^{+, a}	12/20/19		6,766,473		13,715,547
Northlane Capital Partners II LP ^{+, a, e}	12/31/24		327,083		1,630,049
NVP VIII PG, L.P. ^{+, a, e}	05/31/19		25,524,054		85,612,476
Oaktree Opportunities Fund Xb, L.P. ^{+, a, e}	01/01/25		2,440,395		1,598,552
Onex Partners V LP ^{+, a, e}	12/31/24		904,267		1,586,714

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
North America (continued)
Overbay Capital Partners 2024 Fund Aggregator (AIV IV) LP ^{+, a, e}	12/31/24	$	15,144,342	$	18,085,070
Overbay Capital Partners 2024 Fund Offshore LP ^{+, a, e}	12/31/24		13,894,222		17,074,164
Performance Direct Investments V, L.P. ^{+, a, e}	05/01/25		2,311,203		2,858,884
Performance Venture Capital Reinvestment Fund, L.P. ^{+, a, e}	03/12/25		46,823,226		96,553,894
Performance Venture Capital VI, L.P. ^{+, a, e}	04/18/25		2,315,226		3,139,486
PlayCore CV, L.P. ^{+, a, e}	11/21/24		17,987,804		28,138,861
Providence Equity Partners IV, L.P. ^{+, a, e}	01/01/25		—		—
Providence Equity Partners VI -A, L.P. ^{+, a, e}	01/01/25		8,420		4,304
Providence Equity Partners VI-A, L.P. ^{+, a, e}	06/30/13		2		1,216
Providence Equity Partners VII-A, L.P. ^{+, a, e}	06/30/13		1		1
PT2, L.P. ^{+, a, e}	12/21/21		9,391,702		13,300,970
Redpoint Omega II, L.P. ^{+, a}	09/30/24		729,467		1,924,615
Redpoint Ventures IV, L.P. ^{+, a}	09/30/24		532,193		673,487
Revelstoke EPIC Fund I, L.P. ^{+, a, e}	11/20/19		46,881,929		82,394,100
Riverstone Global Energy and Power Fund VI, L.P. ^{+, a, e}	01/01/25		397,411		192,340
RoundTable Healthcare Partners III, L.P. ^{+, a, e}	09/30/24		126,592		685,600
Samson Partners, L.P. ^{+, a, e}	12/21/20		23,066,945		30,078,535
SCP Dragon, L.P. ^{+, a}	06/16/25		3,941,749		6,661,489
SCP Shield, L.P. ^{+, a}	06/16/25		1,926,909		3,068,417
Sigma Partners 6, L.P. ^{+, a}	09/30/24		372,764		698,160
Sigma Partners 7, L.P. ^{+, a}	09/30/24		204,471		176,941
Sigma Partners 8, L.P. ^{+, a}	09/30/24		315,921		684,183
Silver Lake Partners III, L.P. ^{+, a, e}	03/31/13		2		14,948
Silver Lake Partners V, L.P. ^{+, a, e}	12/31/24		5,878,891		10,773,954
Silver Lake Partners VI, L.P. ^{+, a, e}	03/31/24		40,306,482		48,149,076
SL SPV-1, L.P. ^{+, a}	12/01/17		116,072		11,297
SL SPV-2, L.P. ^{+, a}	06/30/10		38,071		5,083,684
Springcoast Partners I-A, L.P. ^{+, a, e}	06/17/25		3,555,160		4,136,350
Sterling Partners – Small Market Growth 2009, L.P. ^{+, a, e}	12/01/24		285,021		580,866
STG IV, L.P. ^{+, a, e}	09/30/24		137,073		158,291
Summit Partners Growth Equity Fund IX-B, L.P. ^{+, a, e}	12/31/24		866,920		956,410
Summit Partners Growth Equity Fund VIII-B, L.P. ^{+, a, e}	12/31/24		126,276		143,653
Summit Partners Venture Capital Fund III-B, L.P. ^{+, a, e}	12/31/24		1		144,492
Sun Capital Partners V, L.P. ^{+, a, e}	09/30/13		14,639,947		—
SV Life Sciences Fund IV CF, L.P. ^{+, a, e}	12/31/24		3,388,619		3,875,164
SV Life Sciences Fund IV, L.P. ^{+, a, e}	12/31/24		22,386		79,912
TA Atlantic & Pacific VI, L.P. ^{+, a, e}	09/30/15		1		58,041
TA Atlantic and Pacific VII-A L.P. ^{+, a, e}	09/30/24		515,117		2,230,150
TA Subordinated Debt Fund III, L.P. ^{+, a, e}	09/30/24		1		14,135
TA XI, L.P. ^{+, a, e}	09/30/15		63,956		579,763
TCV VII (A), L.P. ^{+, a, e}	09/30/13		1		1
Thomas H. Lee Parallel (Cayman) Fund VII, L.P. ^{+, a, e}	01/01/25		2,790,107		2,332,870
Thomas H. Lee Parallel Fund VII, L.P. ^{+, a, e}	01/01/25		984,637		753,995
Thomas H. Lee Parallel Fund VIII, L.P. ^{+, a, e}	01/01/25		826,567		1,176,280
TorQuest Partners Fund (U.S.) II, L.P. ^{+, a, e}	09/30/15		861,918		242,469
TPG Healthcare Partners, L.P. ^{+, a, e}	04/01/24		2,649,257		3,400,271
TPG Partners VI, L.P. ^{+, a, e}	12/31/12		3		121,879
TPG Partners VII, L.P. ^{+, a, e}	01/01/25		1,895,576		6,323,250
TPG Partners VIII, L.P. ^{+, a, e}	04/01/24		12,479,437		15,267,401
Trident VIII, L.P. ^{+, a, e}	09/30/22		18,683,585		27,827,369
Trinity Ventures 2024, L.P. ^{+, a, e}	12/20/24		39,078,010		36,269,395
Trivest Fund V, L.P. ^{+, a, e}	10/01/24		356,877		1,105,194
TSCP CV II, L.P. ^{+, a}	09/09/24		4,016,292		6,328,676

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
North America (continued)
TSCP CV II, L.P. ^{+, a, e}	09/09/24	$	106,898	$	71,379
Vector Capital V, L.P. ^{+, a, e}	02/26/25		15,510,240		13,671,330
Vector Capital VI, L.P. ^{+, a, e}	02/26/25		3,160,010		2,760,376
Vista Equity Partners Fund VII, L.P. ^{+, a, e}	04/01/25		8,139,413		8,177,242
Vista Equity Partners Fund VIII, L.P. ^{+, a, e}	04/01/25		7,069,563		7,960,053
Vistria Agua CV, L.P. (US) ^{+, a, e}	09/30/25		17,193,588		24,456,263
Vistria Fund III, L.P. ^{+, a, e}	07/29/19		10,076,545		9,839,968
Vistria Fund IV, L.P. ^{+, a, e}	10/01/22		30,749,577		47,652,957
Vistria Fund V, L.P. ^{+, a, e}	03/31/23		4,150,108		3,976,915
Warburg Pincus Global Growth, L.P. ^{+, a, e}	12/31/24		2,563,386		4,248,693
Warburg Pincus Private Equity X, L.P. ^{+, a}	09/28/12		1		49,406
Warburg Pincus Private Equity XI, L.P. ^{+, a}	01/01/25		68,826		171,452
Warburg Pincus Private Equity XII, L.P. ^{+, a, e}	03/31/25		5,673,898		8,764,176
Warburg Pincus Private Equity XII, L.P. ^{+, a}	01/01/26		667,063		1,031,536
Welsh, Carson, Anderson & Stowe XII, L.P. ^{+, a, e}	12/31/18		1		30,009,493
Welsh, Carson, Anderson & Stowe XIII, L.P. ^{+, a, e}	12/20/18		1,918,401		4,845,466
Total North America (12.01%)					1,722,401,481
Rest of World (0.24%)
Advent Latin American Private Equity Fund V, L.P. ^{+, a, e}	10/01/24		394,840		954,388
Advent Latin American Private Equity Fund VI-B L.P. ^{+, a, e}	03/31/25		5,147,479		6,672,029
Advent Latin American Private Equity Fund VII-A SCSp ^{+, a, e}	03/31/25		16,596,900		19,171,610
Carlyle Global Financial Services Partners III, L.P. ^{+, a, e}	12/31/24		2,973,904		2,423,482
Pitango Venture Capital Fund VI L.P. ^{+, a, e}	09/30/24		3,730,634		5,244,451
Victoria South American Partners II, L.P. ^{+, a, e}	09/30/24		375,550		28,835
Total Rest of World (0.24%)					34,494,795
Western Europe (3.81%)
3i Growth Capital B, L.P. ^{+, a, e}	10/01/14		1		1
Abingworth Bioventures III, L.P. ^{+, a, e}	09/30/15		1		387
Abingworth Bioventures V Co-Investment Growth Equity Fund, L.P. ^{+, a, e}	06/30/12		1		1
Abingworth Bioventures VI LP ^{+, a, e}	10/01/24		163,953		237,476
Advent International GPE IX-A ^{+, a, e}	12/31/24		1,772,940		2,011,946
Advent International GPE IX-B ^{+, a, e}	12/31/24		927,303		1,034,552
Advent International GPE VI, L.P. ^{+, a}	04/30/11		2,178		295,688
Advent International GPE VI, L.P. ^{+, a, e}	10/01/24		110,957		120,157
Advent International GPE VII-E, L.P. ^{+, a, e}	10/01/24		136,308		294,879
Alchemy Special Opportunities Fund II L.P. ^{+, a, e}	09/30/24		146,130		305,330
Aparca8 Capital Estacionamientos, S.C.R., S.A. ^{+, a, d, e}	12/15/23		6,917,756		12,398,046
Apax Europe VI - A, L.P. ^{+, a, e}	07/01/11		2		28,102
APAX Europe VII - B, L.P. ^{+, a, e}	10/01/24		28,576		35,890
Apax Europe VII - B, L.P. ^{+, a, e}	04/30/11		332,524		1,837
Apax IX EUR (Feeder) L.P. ^{+, a, e}	01/01/25		1,219,060		1,431,091
Apax IX USD (Feeder) L.P. ^{+, a, e}	01/01/25		602,342		861,318
Apax VIII - A L.P. ^{+, a, e}	01/01/25		408,001		244,806
Apax X USD (Feeder) L.P. ^{+, a, e}	01/01/25		2,287,600		2,447,190
Apax X USD L.P. ^{+, a, e}	01/01/25		1,674,526		2,065,452
Astorg IQ-EQ Fund SCSp ^{+, a, e}	01/13/22		12,749,518		33,789,603
Astorg V FCPR ^{+, a, e}	09/30/24		7,566		1
Astorg V FCPR ^{+, a}	09/30/15		1		1
August Capital V, L.P. ^{+, a, e}	10/01/24		784,435		615,078
Bain Capital Europe Fund III, L.P. ^{+, a, e}	03/31/25		1		1

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
Western Europe (continued)
Bain Capital Europe Fund V, SCSp ^{+, a, e}	12/31/24	$	2,058,956	$	2,896,837
BC European Capital IX, L.P. ^{+, a, e}	10/01/24		88,207		658,740
BC European Capital X LP ^{+, a, e}	12/31/24		893,776		1,441,644
Carlyle Europe Partners II, L.P. ^{+, a, e}	12/31/24		60,330		2
Carlyle Europe Partners III, L.P. ^{+, a, e}	12/31/24		1,874,274		93,995
Carlyle Europe Partners IV, L.P. ^{+, a, e}	12/31/24		8,716,159		6,579,217
Carlyle Europe Partners V, L.P. ^{+, a, e}	12/31/24		2,366,423		1,370,768
CCP IX L.P. No.2 ^{+, a}	09/30/14		1,997,564		2
CD&R Value Building Partners I, L.P. ^{+, a}	12/17/21		36,102,342		76,389,523
Charterhouse Capital Partners IX ^{+, a, e}	09/30/24		16,749		23,155
Charterhouse Capital Partners X L.P. ^{+, a, e}	12/31/24		2,405,777		4,483,034
Cinven Strategic Fund II ^{+, a, e}	06/30/26		—		—
CVC Capital Partners Locron (A) SCSp ^{+, a, e}	10/07/25		572,467		614,001
CVC Capital Partners Pachelbel (A) SCSp ^{+, a, e}	12/31/24		1,611,955		2,455,597
CVC Capital Partners VI L.P. ^{+, a, e}	06/30/26		1,105,007		1,287,202
CVC Capital Partners VII L.P. ^{+, a, e}	12/31/24		5,062,202		10,175,018
CVC Capital Partners VIII, L.P. ^{+, a, e}	03/31/24		13,101,907		15,751,638
CVC European Equity Partners III L.P. ^{+, a, e}	12/31/24		1		149,004
CVC European Equity Partners V, L.P. ^{+, a, e}	12/28/12		1		1
Daiwa ICP European Infrastructure 1, L.P. ^{+, a, e}	12/22/22		29,415,430		74,177,852
DBAG Fund VI (Guernsey) L.P. ^{+, a, e}	09/30/24		326,548		412,500
Elvaston Capital Fund V ^{+, a, e}	03/31/25		14,972,115		23,323,991
EPIC I-b Fund SLP ^{+, a, e}	11/30/20		9,086,981		25,698,439
EQT IX, L.P. (EUR) ^{+, a, e}	03/31/25		25,341,115		33,125,293
ESP Golden Bear Europe Fund ^{+, a, e}	12/31/16		1		226,023
Eurazeo Capital IV B SCSp ^{+, a, e}	12/31/24		6,440,337		8,623,062
F2i III ^{+, a, e}	07/01/24		2,544,011		5,538,503
Fourth Cinven Fund, L.P. ^{+, a, e}	04/16/10		83,945		604
G Square Capital I ^{+, a}	12/01/24		1,875		1,772
Galileo III FCPR ^{+, a, e}	09/30/15		1		29,780
Graphite Capital Partners VII, L.P. ^{+, a, e}	09/30/15		1		232,386
HitecVision SpringPoint L.P. ^{+, a, e}	09/30/24		—		841
HitecVision V, L.P. ^{+, a, e}	09/30/24		98,344		1
HitecVision VI, L.P. ^{+, a, e}	09/30/24		281,502		314,942
Index Ventures Growth II (Jersey), L.P. ^{+, a}	09/30/24		1,494,223		900,192
Index Ventures VI (Jersey), L.P. ^{+, a, e}	09/30/24		8,766,815		11,149,090
Industrial Opportunity Partners II, L.P. ^{+, a, e}	09/30/24		61,236		168,372
Investindustrial V L.P. ^{+, a, e}	09/30/24		1,157,013		656,953
Italian Private Equity Fund IV, L.P. ^{+, a, e}	01/29/16		1		1
KKR European Fund III, L.P. ^{+, a, e}	10/01/14		409		2
KKR European Fund III, L.P. (USD) ^{+, a, e}	12/31/24		1		1
KKR European Fund IV (EEA) L.P. ^{+, a, e}	12/31/24		15,751,795		13,442,353
KKR European Fund V (EUR) SCSp ^{+, a, e}	12/31/24		3,477,805		4,092,048
KKR European Fund VI (EUR) ^{+, a, e}	06/30/26		967,898		1,105,442
L Capital 3 FPCI ^{+, a, e}	12/02/24		223,720		163,309
Living Bridge 5 L.P. ^{+, a, e}	10/01/24		313,338		804,222
Montagu III, L.P. ^{+, a, e}	12/09/09		72,602		1
Montagu V L.P. ^{+, a, e}	12/31/24		2,426,506		3,234,669
Montagu+ SCSp ^{+, a, e}	12/06/21		20,607		14,190,585
Nordic Capital X, L.P. ^{+, a, e}	06/30/26		1,047,749		1,181,039
Oaktree European Principal Fund IV Feeder (Cayman), L.P. ^{+, a, e}	01/01/25		893,496		1,124,054
PAI Europe VI, L.P. ^{+, a, e}	12/31/24		1,654,434		1,936,715
PAI Europe VII-1 ^{+, a, e}	12/31/24		268,822		389,438

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Secondary Investments *^{, c}** (continued)
Western Europe (continued)
Permira Europe III, L.P. ^{+, a, e}	01/01/25	$	30,535	$	53,364
Permira Europe III, L.P. ^{+, a}	09/30/13		352,692		2,242
Permira VI L.P. 1 ^{+, a, e}	01/01/25		1,771,583		1,680,208
Permira VII L.P. ^{+, a, e}	09/29/22		31,214,606		40,318,596
Permira VIII SCSp ^{+, a, e}	03/30/25		16,764,389		19,091,804
Prime Ventures IV C.V. ^{+, a, e}	09/30/24		815,255		1,908,468
PSC III G, LP ^{+, a, e}	12/31/24		3,883,228		4,099,240
Rivean Special Opportunity Fund I Coöperatief U.A. ^{+, a, e}	11/29/22		23,508,557		11,401,356
Riverside Europe Fund IV, L.P. ^{+, a, e}	09/30/14		103,961		1
Sixth Cinven Fund (No.2) Limited Partnership ^{+, a, e}	12/31/24		1,573		1,493,370
STG Alternative Investments S.C.A. SICAV-RAIF ^{+, a, e}	09/17/21		16,954,516		34,936,611
Summit Partners Europe Private Equity Fund, L.P. ^{+, a, e}	03/31/25		1		1
TDR Capital III 'B' L.P. ^{+, a, e}	10/01/24		1,677,975		1,940,973
The Seventh Cinven Fund, L.P. ^{+, a, e}	12/31/24		7,345,529		10,346,852
Trilantic Capital Partners V (Europe) S.C.A., SICAR ^{+, a, e}	11/20/20		2,171,494		3,383,192
Trilantic Europe VI SCSp ^{+, a, e}	12/10/20		5,108,800		4,715,449
Turkish Private Equity Fund III L.P. ^{+, a, e}	09/30/24		1,029,596		2,101,849
WPEF V Feeder LP ^{+, a, e}	01/01/25		29,394		122,721
Total Western Europe (3.81%)					546,428,983
Total Secondary Investments (17.41%)		$	1,618,308,035	$	2,497,549,089
Primary Investments *^{, c}** (16.18%)
Asia - Pacific (1.00%)
Bain Capital Asia V, L.P. ^{+, a, e}	09/01/23		540,920		712,277
Baring Asia Private Equity Fund IX, L.P. ^{+, a, e}	03/26/25		—		—
Baring Asia Private Equity Fund V, L.P. ^{+, a, e}	12/01/10		1		19,302
BGH Capital Fund I ^{+, a, e}	03/01/18		11,284,775		18,610,555
BGH Capital VCLP II ^{+, a, e}	02/01/22		1,575,044		1,082,814
CPEChina Fund III, L.P. ^{+, a, e}	03/28/18		15,557,998		27,404,262
CVC Capital Partners Asia VI L.P. ^{+, a, e}	12/23/22		1,714,666		1,554,513
Hony Capital Fund VIII, L.P. ^{+, a, e}	10/30/15		6,849,326		9,507,659
Hony Capital Partners V, L.P. ^{+, a, e}	12/15/11		4,634,657		2,099,198
J-STAR No.4-C, L.P. ^{+, a, e}	08/02/19		1,350,531		12,569,299
J-STAR No.5-B, L.P. ^{+, a, e}	02/28/22		4,266,427		4,900,868
Kedaara Capital Growth Fund IV ^{+, a, e}	04/03/24		774,978		788,167
Kedaara Capital III Limited ^{+, a, e}	06/17/21		6,777,498		7,818,887
KKR Asian Fund IV SCSp ^{+, a, e}	05/29/20		3,866,011		6,364,580
Primavera Capital Fund III L.P. ^{+, a, e}	05/09/18		7,807,704		11,034,550
Primavera Capital Fund IV, L.P. ^{+, a, e}	05/20/21		7,425,995		8,578,933
Southern Capital Fund IV L.P. ^{+, a, e}	01/26/18		5,564,212		6,492,311
The Baring Asia Private Equity Fund VII, L.P. ^{+, a, e}	07/10/18		—		5,972,908
Tiara CG Private Equity Fund 2024, L.P. ^{+, a, e}	11/29/24		308,910		240,187
TPG ASIA VIII (B), L.P. ^{+, a, e}	07/01/22		9,677,962		11,454,313
Trustbridge Partners VI, L.P. ^{+, a, e}	04/12/18		7,308,305		7,183,976
Total Asia - Pacific (1.00%)					144,389,559
North America (9.46%)
Advent Global Technology, L.P. ^{+, a, e}	06/25/19		1,682,413		2,549,414
AEA Investors Fund VII L.P. ^{+, a, e}	02/08/19		3,470,246		3,655,967
American Industrial Partners Capital Fund VII, L.P. ^{+, a, e}	03/29/19		10,867,422		32,156,615
American Industrial Partners Capital Fund VIII, L.P. ^{+, a, e}	07/10/23		631,427		819,425
Apollo Investment Fund IX, L.P ^{+, a, e}	06/01/17		10,663,696		28,052,804
Apollo Investment Fund VIII, L.P. ^{+, a, e}	06/28/13		1		1,498,138

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Primary Investments *^{, c}** (continued)
North America (continued)
Ares Corporate Opportunities Fund IV, L.P. ^{+, a, e}	04/19/12	$	1	$	976,004
Ares Corporate Opportunities Fund V, L.P. ^{+, a, e}	12/28/15		3,451,740		5,806,641
Ares Corporate Opportunities Fund VI, L.P. ^{+, a, e}	06/02/20		1,848,811		3,224,337
Bain Capital Fund XII, L.P. ^{+, a, e}	06/30/17		1		12,292,057
Bain Capital Fund XIII, L.P. ^{+, a, e}	08/07/20		16,896,283		20,724,829
Bain Capital Fund XIV, L.P. ^{+, a, e}	04/01/25		550,000		628,997
Barings Transportation Fund, L.P. ^{+, a, e}	09/23/21		2,433,919		7,023,576
Berkshire Fund IX, L.P. ^{+, a, e}	03/18/16		4,450,947		14,392,569
Berkshire Fund XI-TE, L.P. ^{+, a, e}	01/19/24		6,104,219		5,949,868
Caltius Partners V-A, L.P. ^{+, a, e}	12/02/14		480,360		5,550,937
Carlyle Partners VII, L.P. ^{+, a, e}	11/29/17		16,869,955		40,172,458
Carlyle Partners VIII, L.P. ^{+, a, e}	09/10/21		6,291,300		7,654,675
Centerbridge Seaport Acquisition Fund, L.P. ^{+, a}	04/27/22		988,701		1,333,018
Clayton, Dubilier & Rice Fund IX, L.P. ^{+, a, e}	07/31/13		1		4,646,346
Clayton, Dubilier & Rice Fund X, L.P. ^{+, a, e}	12/13/16		90,010		15,819,291
Clayton, Dubilier & Rice Fund XI, L.P. ^{+, a, e}	05/15/20		17,378,069		23,163,158
Clayton, Dubilier & Rice Fund XII, L.P. ^{+, a, e}	09/02/22		10,789,201		15,107,168
Clearlake Capital Partners V, L.P. ^{+, a, e}	12/15/17		1		19,958,205
Clearlake Capital Partners VI, L.P. ^{+, a, e}	12/10/19		13,451,304		19,179,784
Clearlake Capital Partners VII, L.P. ^{+, a, e}	09/23/21		12,825,681		13,045,962
Clearlake Capital Partners VIII, L.P. ^{+, a, e}	04/05/24		6,366,362		6,033,024
Crescent Mezzanine Partners VI, L.P. ^{+, a, e}	03/30/12		1		99,585
Cressey & Company Fund VII-A L.P. ^{+, a, e}	06/30/22		3,599,707		3,329,697
ECP V, LP ^{+, a, e}	08/19/22		2,367,173		6,877,302
Frazier Healthcare Growth Buyout Fund X, L.P. ^{+, a, e}	03/10/21		10,145,436		13,459,858
Frazier Healthcare Growth Buyout Fund XI, L.P. ^{+, a, e}	09/20/24		177,000		—
Genstar AMBA CV, L.P. ^{+, a}	04/01/23		379,640		628,207
Genstar Capital Partners IX, L.P. ^{+, a, e}	02/21/19		21,689		20,742,134
Genstar Capital Partners VII, L.P. ^{+, a, e}	06/26/15		1		4,492,849
Genstar Capital Partners VIII, L.P. ^{+, a, e}	03/23/17		1		26,575,816
Genstar Capital Partners X, L.P. ^{+, a, e}	04/01/21		9,907,916		11,293,053
Genstar Capital Partners XI, L.P. ^{+, a, e}	04/26/23		965,433		1,139,026
Genstar X Opportunities Fund, L.P. ^{+, a, e}	08/13/21		2,018,102		2,891,555
Genstar XI Opportunities Fund, L.P. ^{+, a, e}	04/26/23		992,738		1,235,638
GI Data Infrastructure Fund II LP ^{+, a, d, e}	01/27/23		3,255,496		3,816,669
GoldPoint Mezzanine Partners IV, L.P. ^{+, a, e}	12/30/15		1		4,389,180
Green Equity Investors IX, L.P. ^{+, a, e}	03/01/22		11,166,439		13,227,083
Green Equity Investors Side VIII, L.P. ^{+, a, e}	10/18/19		17,548,642		33,702,167
Gryphon Heritage Partners, L.P. ^{+, a, e}	12/17/20		2,605,805		8,388,012
Gryphon Partners V, L.P. ^{+, a, e}	02/23/18		785,902		7,574,898
Gryphon Partners VI, L.P. ^{+, a, e}	12/17/20		8,729,452		11,247,114
Harvest Partners IX, L.P. ^{+, a, e}	09/24/21		7,732,225		8,477,689
Harvest Partners VII, L.P. ^{+, a, e}	12/14/15		881,952		9,269,669
Harvest Partners VIII, L.P. ^{+, a, e}	12/19/18		8,966,197		19,240,096
Hellman & Friedman Capital Partners VII, L.P. ^{+, a, e}	06/30/14		1		1
Hellman & Friedman Capital Partners X, L.P. ^{+, a, e}	05/10/21		11,671,406		14,747,054
Hellman & Friedman Capital Partners XI, LP ^{+, a, e}	03/31/23		7,690		—
HGGC Fund IV, L.P. ^{+, a, e}	04/08/22		1,115,371		2,705,947
Icon Partners IV, L.P. ^{+, a, e}	09/01/21		5,754,300		6,925,213
Icon Partners V, L.P. ^{+, a, e}	12/27/21		7,845,849		8,538,645
Insight Partners XII (Co-Investors), L.P. ^{+, a, e}	06/07/21		1,706,762		2,114,394
Insight Partners XIII, L.P. ^{+, a, e}	06/28/24		5,434,121		6,214,966
Insight Venture Partners X, L.P. ^{+, a, e}	07/06/18		1		11,347,235

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Primary Investments *^{, c}** (continued)
North America (continued)
Insight Venture Partners XI, L.P. ^{+, a, e}	12/17/19	$	2,427,684	$	5,949,410
Insight Ventures Partners XII, L.P. ^{+, a, e}	06/07/21		6,884,577		7,521,966
Jade Equity Investors II, L.P. ^{+, a, e}	03/01/22		875,340		1,083,590
K6 Private Investors, L.P. ^{+, a, e}	06/28/24		338,746		186,626
Khosla Ventures IX, L.P. ^{+, a, e}	07/03/25		1,078,000		1,060,191
Khosla Ventures Opportunity III, L.P. ^{+, a, e}	07/03/25		784,000		782,822
Khosla Ventures Seed G, L.P. ^{+, a, e}	07/03/25		365,750		369,550
Khosla Ventures VIII, L.P. ^{+, a, e}	01/06/23		1,568,861		2,634,620
KKR Americas Fund XII L.P. ^{+, a, e}	01/31/18		1		22,057,928
KKR Associates Indigo Equity Partners, L.P. ^{+, a}	10/01/22		1,793,195		2,143,284
KKR North America Fund XI, L.P. ^{+, a, e}	02/01/12		1		1,661,762
KKR North America Fund XIII, SCSP ^{+, a, e}	04/06/21		9,647,294		12,116,644
KKR North America Fund XIV ^{+, a, e}	12/19/24		1,089,105		1,099,443
Kleiner Perkins Caufield & Byers XIX LLC ^{+, a, e}	03/05/20		8,122,500		13,907,734
Kleiner Perkins Select Fund III, LLC ^{+, a, e}	06/28/24		5,476,250		8,443,572
KLEINER PERKINS XXI, LLC ^{+, a, e}	06/28/24		4,680,000		6,610,542
Kohlberg TE Investors IX, L.P. ^{+, a, e}	12/20/19		8,815,362		20,060,387
Kohlberg TE Investors VIII, L.P. ^{+, a, e}	08/04/16		1,218,033		20,738,994
Kohlberg TE Investors X, L.P. ^{+, a, e}	10/06/23		421,474		492,611
Lee Equity Partners IV, L.P. ^{+, a, e}	06/28/24		12,052,192		12,462,280
Leeds Equity Partners VI, L.P. ^{+, a, e}	11/25/16		1,025,251		17,197,638
Lerer Hippeau Select Fund III, L.P. ^{+, a, e}	12/20/19		4,246,898		5,763,062
Lerer Hippeau VII, L.P. ^{+, a, e}	12/20/19		4,050,000		3,035,560
Lux Total Opportunities, L.P. ^{+, a, e}	05/28/21		3,638,250		5,584,703
Lux Ventures VII, L.P. ^{+, a, e}	05/28/21		1,093,750		2,806,906
Lux Ventures VIII, L.P. ^{+, a, e}	04/03/23		3,470,018		7,279,136
Madison Dearborn Capital Partners VIII, L.P. ^{+, a, e}	03/20/20		4,269,425		7,918,698
Mayfield Select III, L.P. ^{+, a, e}	05/01/23		412,500		472,604
Mayfield XVII, L.P. ^{+, a, e}	05/01/23		435,001		623,783
Nautic Partners IX-A, L.P. ^{+, a, e}	03/12/19		1		7,100,736
Nautic Partners VII-A, L.P. ^{+, a, e}	06/27/14		357,845		2,754,553
Nautic Partners X-A, L.P. ^{+, a, e}	07/19/21		9,755,263		13,909,513
Nautic Partners XI-A, L.P. ^{+, a, e}	06/21/24		9,446,494		9,953,988
NEA 18 Venture Growth Equity, L.P. ^{+, a, e}	12/22/21		2,966,957		4,297,652
New Enterprise Associates 14, L.P. ^{+, a, e}	05/04/12		1		11,092,239
New Enterprise Associates 17, L.P. ^{+, a, e}	06/06/19		7,348,782		11,058,344
New Enterprise Associates 18, L.P. ^{+, a, e}	12/22/21		1,824,378		4,777,477
New Mountain Capital V, L.P. ^{+, a, e}	06/29/17		94,627		10,566,603
New Mountain Partners VI, L.P. ^{+, a, e}	10/16/20		10,871,295		20,472,888
New Mountain Partners VII, L.P. ^{+, a, e}	04/06/23		2,951,087		3,380,007
NexPhase Capital Fund III-A, L.P. ^{+, a, e}	09/01/16		1		7,816,215
NexPhase Capital Fund V, L.P. ^{+, a, e}	08/04/23		598,509		553,823
Novacap International Technologies VII L.P. ^{+, a, e}	05/30/25		30,800		30,800
Oak Hill Capital Partners IV, L.P. ^{+, a, e}	04/28/17		1		92,527
Oak Hill Capital Partners V, L.P. ^{+, a, e}	12/21/18		17,810,607		35,575,476
Oak Hill Capital Partners VI, L.P. ^{+, a, e}	02/25/22		4,100,046		5,233,939
Pamlico Capital V, L.P. ^{+, a, e}	02/03/20		4,709,377		5,240,849
Pamlico Capital VI, L.P. ^{+, a, e}	12/17/24		157,888		157,888
PennantPark Credit Opportunities Fund II, L.P. ^{+, a, e}	08/03/12		1		735,685
Revelstoke Capital Partners Fund III, L.P ^{+, a, e}	02/23/22		6,289,007		8,256,548
Silver Lake Partners IV, L.P. ^{+, a, e}	07/30/12		1		13,776,771
Silver Lake Partners V, L.P. ^{+, a, e}	03/31/17		13,107,542		46,691,700
Silver Lake Partners VI, L.P. ^{+, a, e}	06/04/20		5,868,567		8,257,157

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Primary Investments *^{, c}** (continued)
North America (continued)
Silver Lake Partners VII, L.P. ^{+, a, e}	05/26/22	$	8,520,546	$	10,699,991
Spark Capital Growth Fund IV, L.P. ^{+, a, e}	10/14/21		6,474,750		18,434,034
Spark Capital Growth Fund V, L.P. ^{+, a, e}	02/29/24		1,740,000		2,449,433
Spark Capital VII, L.P. ^{+, a, e}	10/14/21		2,343,716		4,563,583
Spark Capital VIII, L.P. ^{+, a, e}	02/29/24		730,000		902,691
Sumeru Equity Partners Fund, L.P. ^{+, a, e}	04/27/15		26,684		3,067,158
Summit Partners Growth Equity Fund XI, L.P. ^{+, a, e}	10/01/21		3,085,853		3,480,184
Summit Partners Growth Equity Fund XII, L.P. ^{+, a, e}	01/10/24		—		—
TA Select Opportunities Fund II-B, L.P. ^{+, a, e}	05/27/21		2,660,625		2,609,389
TA XIII-B, L.P. ^{+, a, e}	05/02/19		3,187,500		16,727,531
TA XIV-B, L.P. ^{+, a, e}	05/27/21		8,538,750		10,575,250
TCV X, L.P. ^{+, a, e}	08/31/18		1,884,770		16,797,452
TCV XI (A), L.P. ^{+, a, e}	10/02/20		8,570,455		9,698,250
Thompson Street Capital Partners IV, L.P. ^{+, a, e}	12/10/15		29,057		4,262,153
Thompson Street Capital Partners V, L.P. ^{+, a, e}	05/04/18		1		4,827,362
Thompson Street Capital Partners VI, L.P. ^{+, a, e}	06/11/21		14,764,788		16,231,832
TPG Partners IX, L.P. ^{+, a, e}	12/23/22		1,557,543		1,799,422
TPG Partners VII, L.P. ^{+, a, e}	03/01/16		1		2,657,274
TPG Partners VIII, L.P. ^{+, a, e}	01/31/19		6,655,070		11,290,832
Trident IX, L.P. ^{+, a, e}	11/19/21		16,685,995		21,370,475
Trident VII, L.P. ^{+, a, e}	09/22/16		1		32,791,436
Trident VIII, L.P. ^{+, a, e}	04/05/19		10,962,134		22,479,950
Trident X, L.P. ^{+, a, e}	05/23/24		1,168,211		882,448
Vista Equity Partners Fund VII, L.P. ^{+, a, e}	08/31/18		18,021,079		19,910,986
Vista Equity Partners Fund VIII, L.P. ^{+, a, e}	04/28/22		19,997,434		23,571,916
Vistria Fund II, L.P. ^{+, a, e}	12/19/17		1		3,576,956
Vistria Fund III, L.P. ^{+, a, e}	06/19/19		10,076,545		9,839,968
Vistria Fund IV, L.P. ^{+, a, e}	03/31/21		10,864,510		17,109,234
Vistria Fund V, L.P. ^{+, a, e}	10/31/23		485,896		602,380
Warburg Pincus Global Growth 14, L.P. ^{+, a, e}	01/31/22		7,584,175		10,436,803
Warburg Pincus Global Growth, L.P. ^{+, a, e}	11/20/18		3,695,915		10,712,790
Welsh, Carson, Anderson & Stowe XII, L.P. ^{+, a}	12/19/14		1		7,616,224
Welsh, Carson, Anderson & Stowe XIII, L.P. ^{+, a, e}	12/20/18		6,906,242		17,443,676
Welsh, Carson, Anderson & Stowe XIV, L.P. ^{+, a, e}	01/19/22		3,324,780		3,710,853
West Street Offshore Infrastructure Partners IV ^{+, a, e}	11/02/22		8,818,816		10,947,775
Windjammer Senior Equity Fund IV, L.P. ^{+, a, e}	02/06/13		1		3,199,186
Total North America (9.46%)					1,357,232,320
Rest of World (0.45%)
Advent Latin American Private Equity Fund VI-H L.P. ^{+, a, e}	10/17/14		1		4,547,786
Patria - Brazilian Private Equity Fund IV, L.P. ^{+, a, e}	06/30/11		4,737,450		2,564,827
Polish Enterprise Fund VIII, L.P. ^{+, a, e}	09/15/17		38,916,723		57,411,612
Total Rest of World (0.45%)					64,524,225
Western Europe (5.27%)
Adagia Capital Europe S.L.P. ^{+, a, e}	06/01/21		6,994,216		9,018,182
Advent International GPE IX-C, L.P. ^{+, a, e}	05/31/19		12,402,930		22,816,604
Advent International GPE VII-B, L.P. ^{+, a, e}	07/01/12		1		806,062
Advent International GPE VIII-C, L.P ^{+, a, e}	03/22/16		1		4,376,581
Advent International GPE X (USD) ^{+, a, e}	05/31/22		12,640,115		16,114,731
Advent International GPE XI-C SCSp ^{+, a, e}	06/20/25		—		—
Apax X USD L.P. ^{+, a, e}	07/16/19		14,039,450		20,831,595
APAX XI USD L.P. ^{+, a, e}	06/30/22		14,167,558		15,333,520

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Primary Investments *^{, c}** (continued)
Western Europe (continued)
Astorg Mid-Cap ^{+, a, e}	02/22/21	$	6,350,049	$	6,600,805
Astorg VI, FCPI ^{+, a, e}	06/30/16		1		3,906,126
Astorg VIII S.à.r.l. ^{+, a, e}	12/17/21		11,204,503		13,854,402
Axcel VI K/S ^{+, a, e}	02/21/20		11,976,474		25,718,772
Axcel VII K/S ^{+, a, e}	05/17/23		961,595		1,230,317
Bain Capital Europe Fund IV, L.P. ^{+, a, e}	09/01/14		1		1,532,541
Bain Capital Europe Fund VI, SCSp ^{+, a, e}	06/30/22		3,243,242		4,284,192
BC Partners XI, L.P. ^{+, a, e}	12/18/20		25,034,182		31,677,364
Bregal Unternehmerkapital IV-A SCSP ^{+, a, e}	05/23/24		4,689,123		4,211,306
CapVest Equity Partners III B, L.P. ^{+, a, e}	08/30/13		1		1
Capvis Equity V L.P. ^{+, a, e}	01/17/18		13,548,944		24,759,281
Carlyle Europe Partners IV, L.P. ^{+, a, e}	08/27/13		1		1
Carlyle Europe Partners V, L.P. ^{+, a, e}	04/23/18		7,714,404		5,889,613
CD&R Value Building Partners I, L.P. ^{+, a}	12/17/21		4,486,152		9,501,763
Charterhouse Capital Partners XI ^{+, a, e}	11/26/21		5,707,386		7,686,921
CVC Capital Partners IX L.P. ^{+, a, e}	05/12/23		290,874		314,250
CVC Capital Partners VI (A) L.P. ^{+, a, e}	07/05/13		1		4,233,806
CVC Capital Partners VIII, L.P. ^{+, a, e}	06/19/20		1,878,629		2,466,591
DPE Deutschland IV ^{+, a, e}	08/24/20		3,392,306		4,720,900
Egeria Private Equity Fund VI Coöperatief U.A. ^{+, a, e}	04/14/25		3,980,626		4,150,279
EPIC Fund III, SLP ^{+, a, e}	06/25/24		4,866,239		5,348,786
EQT IX, L.P. (USD) ^{+, a, e}	05/15/20		14,261,694		22,073,694
EQT Mid-Market (No.1) Feeder L.P. ^{+, a, e}	07/01/16		1		7,918,125
EQT X, L.P. (USD) ^{+, a, e}	04/28/22		17,463,788		18,928,563
EQT XI, L.P. (USD) ^{+, a, e}	12/19/25		—		—
Exponent Private Equity Partners V, L.P. ^{+, a, e}	06/28/24		6,750,908		6,859,661
Gilde Buy-Out Fund VI ^{+, a, e}	06/28/19		21,329,073		23,440,167
Graphite Capital Partners IX L.P. ^{+, a, e}	04/11/18		7,082,541		11,297,104
Hg Genesis 10 L.P. ^{+, a, e}	04/14/22		6,946,675		7,562,263
Hg Genesis 11 L.P. ^{+, a, e}	09/18/25		—		—
Hg Mercury 4 L.P. ^{+, a, e}	01/12/23		2,089,717		3,119,220
Hg Mercury 5 L.P. ^{+, a, e}	09/18/25		—		—
Hg Saturn 3 L.P. ^{+, a, e}	02/25/22		12,265,609		14,056,938
Hg Saturn 4 L.P. ^{+, a, e}	03/01/25		249,944		242,432
Hg Saturn I L.P. ^{+, a, e}	06/28/18		1		13,650,932
HgCapital 8 L.P. ^{+, a, e}	12/19/16		1		12,998,723
HgCapital Mercury 2 ^{+, a, e}	02/15/17		1		12,126,213
Impilo Healthcare AB ^{+, a, e}	02/28/25		381,154		132,550
Index Ventures Growth III (Jersey) L.P. ^{+, a}	03/18/15		1		30,161,311
KKR European Fund V (EUR) SCSp ^{+, a, e}	11/05/18		15,851,122		27,859,114
KKR European Fund VI (USD) ^{+, a, e}	11/01/21		20,456,699		21,887,351
Livingbridge 7 L.P. ^{+, a, e}	09/04/20		14,495,705		14,250,539
MCH Iberian Capital Fund V FCR ^{+, a, e}	12/10/21		8,190,534		18,804,575
Nordic Capital Evo GP, SCSp ^{+, a, e}	06/30/21		6,900,441		8,499,069
Nordic Capital Evolution II ^{+, a, e}	12/14/24		—		—
Nordic Capital IX, L.P. ^{+, a, e}	07/18/17		8,201,986		31,388,891
Nordic Capital X, L.P. ^{+, a, e}	09/30/20		16,365,668		25,104,690
Nordic Capital XI, L.P. ^{+, a, e}	05/01/22		24,138,890		30,781,129
Nordic Capital XII, L.P. ^{+, a, e}	05/08/25		—		—
Oakley Capital Fund V, SCSp ^{+, a, e}	04/28/22		5,646,414		6,471,385
Oakley Capital Private Equity Fund VI ^{+, a, e}	03/21/25		926,775		698,616
PAI Europe VI-1, L.P. ^{+, a, e}	03/12/15		1		2,933,487
PAI Partners VIII-1 SCSp ^{+, a, e}	05/12/22		12,931,896		15,869,798

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

	Acquisition Date	Cost		Fair Value
Private Equity Investments (continued)
Primary Investments *^{, c}** (continued)
Western Europe (continued)
Permira IX SCSp ^{+, a, e}	12/19/25	$	—	$	—
Permira VII L.P. ^{+, a, e}	06/21/19		19,475,940		27,154,526
Permira VIII SCSp ^{+, a, e}	02/10/22		18,063,707		21,218,414
ProA Capital Iberian Buyout Fund IV, F.C.R. ^{+, a, e}	05/30/24		4,503,142		3,887,935
Rivean Capital Fund VII Cooperatief U.A. ^{+, a, e}	05/31/24		10,815,156		10,734,432
Sixth Cinven Fund (No.3) L.P. ^{+, a, e}	05/01/16		1		2,093,623
The Eighth Cinven Fund, L.P. ^{+, a, e}	07/05/22		7,150,500		7,348,198
The Paragon Partners Fund IV GmbH & Co. KG ^{+, a, e}	04/29/22		3,396,202		3,231,859
The Seventh Cinven Fund, L.P. ^{+, a}	04/16/19		728,130		832,219
The Seventh Cinven Fund, L.P. ^{+, a, e}	04/16/19		21,602,093		32,587,903
Vitruvian Investment Partnership V ^{+, a, e}	10/07/22		5,408,371		6,059,519
Total Western Europe (5.27%)					755,650,460
Total Primary Investments (16.18%)		$	1,276,874,479	$	2,321,796,564

Total Private Equity Investments (Cost $9,147,753,206)(92.67%)				$	13,296,052,611

Total Investments (Cost $10,721,147,598)(103.58%)					14,862,657,712

	Interest Rate			Units		Cost		Fair Value
Cash Equivalents
BlackRock Liquidity Funds - Treasury Trust Fund		3.54	%^g		306,681,094		306,681,094	$	306,681,094
Total Cash Equivalents (2.14%)									306,681,094

Total Investmentsand Cash Equivalents (Cost $11,027,828,692)(105.72%)								$	15,169,338,806

Other Liabilities in Excess of Assets ((5.72)%)									(820,797,253	)

Net Assets (100.00%)^h								$	14,348,541,553

*	Direct Investments are private investments directly into the equity or debt of selected operating companies, often together with the management of the company. Primary Investments are investments in newly established private equity partnerships where underlying portfolio companies are not known as of the time of investment. Secondary Investments are single or portfolios of assets acquired on the secondary market. Not with standing the foregoing, if the Fund reasonably determines that the strict application of the above definitions would not reflect the economic substance of any investment, the Fund may re-classify such investment as it deems appropriate.

**	The Fair Value of any Direct Investment may not necessarily reflect the current or expected future performance of such Direct Investment or the Fair Value of the Fund’s interest in such Direct Investment. Furthermore, the Fair Value of any Direct Investment has not been calculated, reviewed, verified or in any way approved by such Direct Investment or its general partner, manager or sponsor (including any of its affiliates). Please see below for further details regarding the valuation policy of the Fund.

***	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). These securities may be sold in certain transactions in reliance on an exemption from registration (normally to "qualified institutional buyers" in accordance with Rule 144(a)(1) under the Securities Act). At June 30, 2026, the aggregate value of these securities is $182,332,133 or 1.27% of the Fund's net assets.

****	Certain of the Fund’s investments consist of broadly syndicated loans (“BSLs”). BSLs are often structured with floating rate interest terms and, based on the facts and circumstances of the relevant investment, may be presented in the consolidated financial statements under either Direct Investments or Floating Rate Notes.

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

#	As of June 30, 2026, 1 month EURIBOR was 2.20%.

##	As of June 30, 2026, 3 month EURIBOR was 2.32%.

###	As of June 30, 2026, 6 month EURIBOR was 2.57%.

####	As of June 30, 2026, 12 month EURIBOR was 2.73%.

+	The fair value of the investment was determined using significant unobservable inputs.

†	As of June 30, 2026, 1 month Bank Bill Swap Rate was 4.31%.

††	As of June 30, 2026, 3 month Bank Bill Swap Rate was 4.46%.

>	As of June 30, 2026, 1 month Sterling Overnight Interbank Average Rate was 3.73%.

>>	As of June 30, 2026, 3 month Sterling Overnight Interbank Average Rate was 3.73%.

>>>	As of June 30, 2026, 6 month Sterling Overnight Interbank Average Rate was 3.73%.

v	As of June 30, 2026, 1 month Secured Overnight Financing Rate was 3.66%.

vv	As of June 30, 2026, 3 month Secured Overnight Financing Rate was 3.73%.

vvv	As of June 30, 2026, 6 month Secured Overnight Financing Rate was 3.85%.

vvvv	As of June 30, 2026, 12 month Secured Overnight Financing Rate was 3.99%.

a	Private equity investments are generally issued in private placement transactions and as such are generally restricted as to resale. Each investment may have been purchased on various dates and for different amounts. The date of the first purchase is reflected under Acquisition Date as shown in the Schedule of Investments. Total fair value of restricted investments as of June 30, 2026 was $13,296,052,611, or 92.67% of net assets. Total aggregated cost of restricted securities as of June 30, 2026 was $9,147,753,206.

b	Represents an affiliated issuer.

c	Investment does not issue shares.

d	Non-income producing.

e	Investment has been committed to but has not been fully funded by the Fund.

f	Security or a portion thereof is unsettled at June 30, 2026.

g	The rate shown is the annualized seven-day yield as of June 30, 2026.

h	Net Assets include $758,028,859 of Repurchase amounts payable for tender offers.

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

A summary of outstanding financial instruments at June 30, 2026 is as follows:

Forward Foreign Currency Contracts

Settlement Date	Counterparty	Currency Purchased		Currency Sold		Value		Unrealized Appreciation (Depreciation)
September 9, 2026	BNY Mellon	$	33,308,000	£	25,000,000	$	33,242,718	$	65,282
September 9, 2026	BNY Mellon	$	22,636,350	£	17,000,000	$	22,605,048	$	31,302
September 9, 2026	BNY Mellon	$	24,924,948	PLN	90,000,000	$	24,124,405	$	800,543
September 9, 2026	BNY Mellon	$	90,461,483	Fr.	70,000,000	$	89,066,333	$	1,395,150
September 9, 2026	BNY Mellon	£	42,000,000	$	55,847,400	$	55,847,766	$	366
September 9, 2026	BNY Mellon	€	80,000,000	$	92,832,000	$	92,885,451	$	53,451
September 9, 2026	BNY Mellon	PLN	14,442,000	$	3,867,679	$	3,871,163	$	3,484
September 9, 2026	BNY Mellon	PLN	14,128,000	$	3,785,022	$	3,786,995	$	1,973
September 9, 2026	BNY Mellon	PLN	61,430,000	$	16,468,675	$	16,466,247	$	(2,428	)
September 9, 2026	BNY Mellon	Fr.	16,922,000	$	21,528,824	$	21,531,150	$	2,326
September 9, 2026	BNY Mellon	Fr.	26,539,000	$	33,759,778	$	33,767,592	$	7,814
September 9, 2026	BNY Mellon	Fr.	26,539,000	$	33,772,451	$	33,767,592	$	(4,859	)
September 9, 2026	Goldman Sachs International	$	75,762,351	€	63,000,000	$	73,147,292	$	2,615,059
September 9, 2026	ING Barings (U.S.) Capital Markets	$	93,260,776	€	80,000,000	$	92,885,451	$	375,325
September 9, 2026	ING Barings (U.S.) Capital Markets	€	80,000,000	$	92,833,064	$	92,885,451	$	52,387
September 9, 2026	Macquarie Bank Limited	$	100,480,200	€	85,000,000	$	98,690,791	$	1,789,409
September 9, 2026	Macquarie Bank Limited	€	80,000,000	$	92,806,400	$	92,885,451	$	79,051
September 9, 2026	Morgan Stanley & Co International PLC	$	56,412,230	€	47,500,000	$	55,150,736	$	1,261,494
September 9, 2026	Morgan Stanley & Co International PLC	$	56,426,532	€	47,500,000	$	55,150,736	$	1,275,796
September 9, 2026	Morgan Stanley & Co International PLC	€	80,000,000	$	93,165,368	$	92,885,451	$	(279,917	)
September 9, 2026	Nomura International PLC	$	62,872,767	€	55,700,000	$	64,671,495	$	(1,798,728	)
September 9, 2026	Nomura International PLC	$	17,735,505	€	15,700,000	$	18,228,770	$	(493,265	)
September 9, 2026	Nomura International PLC	$	16,950,450	€	15,000,000	$	17,416,022	$	(465,572	)
September 9, 2026	Nomura International PLC	$	35,706,000	€	30,000,000	$	34,832,044	$	873,956
September 9, 2026	Nomura International PLC	€	80,000,000	$	92,808,000	$	92,885,451	$	77,451
September 9, 2026	Nomura International PLC	€	39,400,000	$	45,707,940	$	45,746,084	$	38,144
December 2, 2026	BNY Mellon	$	46,565,121	£	35,000,000	$	46,121,960	$	443,161
December 2, 2026	BNY Mellon	$	9,314,375	£	7,000,000	$	9,224,392	$	89,983
December 2, 2026	BNY Mellon	$	91,131,594	Fr.	70,000,000	$	89,793,201	$	1,338,393
December 2, 2026	BNY Mellon	$	27,674,000	PLN	100,000,000	$	26,471,007	$	1,202,993
December 2, 2026	BNY Mellon	$	3,860,442	PLN	14,442,000	$	3,822,943	$	37,499
December 2, 2026	BNY Mellon	Fr.	70,000,000	$	89,781,574	$	89,793,201	$	11,627
December 2, 2026	BNY Mellon	PLN	69,220,000	$	18,317,359	$	18,323,231	$	5,872
December 2, 2026	BNY Mellon	PLN	8,745,000	$	2,314,449	$	2,314,890	$	441
December 2, 2026	BNY Mellon	£	42,000,000	$	55,341,720	$	55,346,351	$	4,631
December 2, 2026	Barclays Bank PLC	€	80,000,000	$	91,459,744	$	92,858,721	$	1,398,977
December 2, 2026	Barclays Bank PLC	€	80,000,000	$	91,445,736	$	92,858,721	$	1,412,985
December 2, 2026	Barclays Bank PLC	PLN	36,477,000	$	9,651,366	$	9,655,829	$	4,463
December 2, 2026	Goldman Sachs International	$	75,945,051	€	63,000,000	$	73,126,243	$	2,818,808
December 2, 2026	ING Barings (U.S.) Capital Markets	$	93,487,960	€	80,000,000	$	92,858,721	$	629,239
December 2, 2026	ING Barings (U.S.) Capital Markets	€	73,000,000	$	86,012,396	$	84,733,583	$	(1,278,813	)
December 2, 2026	Macquarie Bank Limited	$	100,839,886	€	85,000,000	$	98,662,391	$	2,177,495
December 2, 2026	Macquarie Bank Limited	€	73,000,000	$	86,020,645	$	84,733,583	$	(1,287,062	)

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Settlement Date	Counterparty	Currency Purchased		Currency Sold		Value		Unrealized Appreciation (Depreciation)
December 2, 2026	Morgan Stanley & Co International PLC	$	56,592,198	€	47,500,000	$	55,134,866	$	1,457,332
December 2, 2026	Morgan Stanley & Co International PLC	$	56,590,773	€	47,500,000	$	55,134,866	$	1,455,907
December 2, 2026	Nomura International PLC	$	93,757,942	€	85,700,000	$	99,474,905	$	(5,716,963	)
December 2, 2026	Nomura International PLC	$	35,805,000	€	30,000,000	$	34,822,020	$	982,980
December 2, 2026	Nomura International PLC	€	73,000,000	$	85,987,430	$	84,733,583	$	(1,253,847	)
December 2, 2026	Nomura International PLC	€	59,700,000	$	68,255,010	$	69,295,821	$	1,040,811
March 10, 2027	BNY Mellon	$	7,973,970	£	6,000,000	$	7,963,761	$	10,209
March 10, 2027	BNY Mellon	$	47,828,160	£	36,000,000	$	47,782,568	$	45,592
March 10, 2027	BNY Mellon	$	2,763,882	PLN	10,000,000	$	2,665,379	$	98,503
March 10, 2027	BNY Mellon	$	24,874,935	PLN	90,000,000	$	23,988,409	$	886,526
March 10, 2027	BNY Mellon	$	91,334,925	Fr.	70,000,000	$	89,409,974	$	1,924,951
March 10, 2027	BNY Mellon	Fr.	58,000,000	$	75,183,097	$	74,082,550	$	(1,100,547	)
March 10, 2027	Goldman Sachs International	$	76,143,501	€	63,000,000	$	72,837,190	$	3,306,311
March 10, 2027	ING Barings (U.S.) Capital Markets	$	93,825,448	€	80,000,000	$	92,491,670	$	1,333,778
March 10, 2027	Macquarie Bank Limited	$	83,361,278	€	70,000,000	$	80,930,211	$	2,431,067
March 10, 2027	Macquarie Bank Limited	$	17,873,400	€	15,000,000	$	17,342,188	$	531,212
March 10, 2027	Morgan Stanley & Co International PLC	$	56,795,902	€	47,500,000	$	54,916,929	$	1,878,973
March 10, 2027	Morgan Stanley & Co International PLC	$	56,798,291	€	47,500,000	$	54,916,929	$	1,881,362
March 10, 2027	Morgan Stanley & Co International PLC	$	36,031,260	€	30,000,000	$	34,684,376	$	1,346,884
March 10, 2027	Nomura International PLC	$	96,847,488	€	86,400,000	$	99,891,003	$	(3,043,515	)
March 10, 2027	Nomura International PLC	$	27,939,205	PLN	100,000,000	$	26,653,788	$	1,285,417
June 16, 2027	BNY Mellon	$	23,881,320	£	18,000,000	$	23,893,201	$	(11,881	)
June 16, 2027	BNY Mellon	$	7,960,740	£	6,000,000	$	7,964,400	$	(3,660	)
June 16, 2027	BNY Mellon	$	23,882,220	£	18,000,000	$	23,893,201	$	(10,981	)
June 16, 2027	BNY Mellon	$	5,521,750	PLN	20,000,000	$	5,332,839	$	188,911
June 16, 2027	BNY Mellon	$	22,087,000	PLN	80,000,000	$	21,331,356	$	755,644
June 16, 2027	BNY Mellon	$	3,758,140	PLN	14,128,000	$	3,767,118	$	(8,978	)
June 16, 2027	BNY Mellon	$	2,313,964	PLN	8,745,000	$	2,331,784	$	(17,820	)
June 16, 2027	Goldman Sachs International	$	76,316,751	€	63,000,000	$	73,216,142	$	3,100,609
June 16, 2027	ING Barings (U.S.) Capital Markets	$	102,532,637	€	85,700,000	$	99,597,196	$	2,935,441
June 16, 2027	ING Barings (U.S.) Capital Markets	$	95,697,080	€	80,000,000	$	92,972,878	$	2,724,202
June 16, 2027	Macquarie Bank Limited	$	83,694,506	€	70,000,000	$	81,351,269	$	2,343,237
June 16, 2027	Macquarie Bank Limited	$	17,938,350	€	15,000,000	$	17,432,415	$	505,935
June 16, 2027	Morgan Stanley & Co International PLC	$	56,980,183	€	47,500,000	$	55,202,647	$	1,777,536
June 16, 2027	Morgan Stanley & Co International PLC	$	56,979,689	€	47,500,000	$	55,202,647	$	1,777,042
June 16, 2027	Morgan Stanley & Co International PLC	$	94,360,682	Fr.	70,000,000	$	90,443,948	$	3,916,734
June 16, 2027	Nomura International PLC	$	35,995,500	€	30,000,000	$	34,864,829	$	1,130,671
September 15, 2027	BNY Mellon	$	55,661,760	£	42,000,000	$	55,751,437	$	(89,677	)
September 15, 2027	BNY Mellon	$	16,538,311	PLN	60,000,000	$	15,991,852	$	546,459
September 15, 2027	BNY Mellon	$	28,175,364	PLN	100,000,000	$	26,653,087	$	1,522,277
September 15, 2027	BNY Mellon	$	22,304,059	Fr.	16,922,000	$	22,056,040	$	248,019

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

Partners Group Private Equity Fund, LLC

(a Delaware Limited Liability Company)

Consolidated Schedule of Investments —

June 30, 2026 (Unaudited) (continued)

Settlement Date	Counterparty	Currency Purchased		Currency Sold		Value		Unrealized Appreciation (Depreciation)
September 15, 2027	Goldman Sachs International	$	76,474,251	€	63,000,000	$	73,446,437	$	3,027,814
September 15, 2027	ING Barings (U.S.) Capital Markets	$	96,307,240	€	80,000,000	$	93,265,317	$	3,041,923
September 15, 2027	Macquarie Bank Limited	$	102,698,573	€	85,000,000	$	99,094,400	$	3,604,173
September 15, 2027	Morgan Stanley & Co International PLC	$	18,115,016	€	15,000,000	$	17,487,247	$	627,769
September 15, 2027	Morgan Stanley & Co International PLC	$	102,665,414	€	85,000,000	$	99,094,400	$	3,571,014
September 15, 2027	Morgan Stanley & Co International PLC	$	36,200,760	€	30,000,000	$	34,974,494	$	1,226,266
September 15, 2027	Morgan Stanley & Co International PLC	$	24,459,170	Fr.	18,000,000	$	23,461,099	$	998,071
September 15, 2027	Nomura International PLC	$	97,911,990	€	81,400,000	$	94,897,460	$	3,014,530
December 15, 2027	BNY Mellon	$	57,570,550	£	43,000,000	$	57,079,005	$	491,545
December 15, 2027	BNY Mellon	$	95,896,000	€	80,000,000	$	93,597,881	$	2,298,119
December 15, 2027	BNY Mellon	$	35,261,073	Fr.	26,539,000	$	34,927,677	$	333,396
December 15, 2027	ING Barings (U.S.) Capital Markets	$	96,082,584	€	80,000,000	$	93,597,881	$	2,484,703
December 15, 2027	ING Barings (U.S.) Capital Markets	$	45,882,948	€	38,200,000	$	44,692,988	$	1,189,960
December 15, 2027	Macquarie Bank Limited	$	95,806,216	€	80,000,000	$	93,597,881	$	2,208,335
December 15, 2027	Morgan Stanley & Co International PLC	$	97,300,880	€	80,000,000	$	93,597,881	$	3,702,999
December 15, 2027	Nomura International PLC	$	95,881,600	€	80,000,000	$	93,597,881	$	2,283,719
December 15, 2027	Nomura International PLC	$	27,848,948	PLN	100,000,000	$	26,646,737	$	1,202,211
December 15, 2027	Nomura International PLC	$	8,131,893	PLN	29,200,000	$	7,780,847	$	351,046
March 8, 2028	BNY Mellon	$	55,225,800	£	42,000,000	$	55,722,230	$	(496,430	)
March 8, 2028	BNY Mellon	$	94,176,000	€	80,000,000	$	93,914,010	$	261,990
March 8, 2028	BNY Mellon	$	16,198,989	PLN	61,430,000	$	16,360,226	$	(161,237	)
March 8, 2028	BNY Mellon	$	35,524,685	Fr.	26,539,000	$	35,244,954	$	279,731
March 8, 2028	Barclays Bank PLC	$	9,637,537	PLN	36,477,000	$	9,714,666	$	(77,129	)
March 8, 2028	ING Barings (U.S.) Capital Markets	$	94,189,064	€	80,000,000	$	93,914,010	$	275,054
March 8, 2028	Macquarie Bank Limited	$	94,152,800	€	80,000,000	$	93,914,010	$	238,790
March 8, 2028	Morgan Stanley & Co International PLC	$	94,531,368	€	80,000,000	$	93,914,010	$	617,358
March 8, 2028	Nomura International PLC	$	94,136,000	€	80,000,000	$	93,914,010	$	221,990
March 8, 2028	Nomura International PLC	$	46,373,800	€	39,400,000	$	46,252,650	$	121,150
June 14, 2028	BNY Mellon	$	18,272,651	PLN	69,220,000	$	18,428,525	$	(155,874	)
June 14, 2028	BNY Mellon	$	55,287,120	£	42,000,000	$	55,691,281	$	(404,161	)
June 14, 2028	Barclays Bank PLC	$	93,537,880	€	80,000,000	$	94,222,119	$	(684,239	)
June 14, 2028	Barclays Bank PLC	$	93,538,048	€	80,000,000	$	94,222,119	$	(684,071	)
June 14, 2028	Nomura International PLC	$	69,832,284	€	59,700,000	$	70,313,257	$	(480,973	)
								$	85,407,891

Legend:
£	- British Pound
€	- Euro
BBSY	- Bank Bill Swap Rate
E	- EURIBOR
Fr.	- Swiss Franc
PIK	- Payment-in-kind
S	- Sterling Overnight Interbank Average Rate
SF	- Secured Overnight Financing Rate
PLN	- Polish Zloty

The accompanying notes are an integral part of these Consolidated Schedule of Investments.

The information contained in this section should be read in conjunction with the Fund’s audited consolidated financial statements contained in its annual report for the year ended March 31, 2026.

Investments held by the Fund (“Fund Investments”) include short-term investments, publicly traded equity and debt investments (“Public Investments”), direct equity and debt investments in operating companies (“Direct Investments”) and primary and secondary investments in private equity funds (“Primary Investments” and “Secondary Investments”, respectively, and together, “Private Equity Fund Investments”; Direct Investments and Private Equity Fund Investments, collectively, “Private Equity Investments”).

Partners Group (USA) Inc. (the “Adviser”) determines the fair value of the Fund’s Private Equity Investments in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and the Fund's valuation procedures (the “Valuation Procedures”), which have been approved by the board of managers of the Fund (the “Board”). As authorized by the Valuation Procedures, the Adviser values the Fund’s Private Equity Investments in consultation with its affiliates. The Valuation Procedures require evaluation of all relevant factors reasonably available to the Adviser and its affiliates at the time the Fund’s Private Equity Investments are valued.

The Valuation Procedures are implemented by the Adviser and State Street Bank and Trust Company, the Fund’s administrator (the “Administrator”). Both the Adviser and the Administrator are subject to the oversight of, and report to, the Board. The Adviser and the Administrator monitor and review the methodologies of the various third-party pricing services that are employed by the Fund.

The Adviser and certain of its affiliates act as investment advisers to clients other than the Fund. However, the valuation attributed to a Private Equity Investment held by the Fund and to the same Private Equity Investment held by another client, one of the Adviser’s affiliates, or a client of one of its affiliates might differ due to differences in accounting, regulatory or other factors applicable to the Fund, to such other client or the Adviser’s affiliate.

In conformity with U.S. GAAP, investments are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Estimated fair values may differ from the values that would have been used if a ready market existed or if the investments were liquidated at the valuation date. A three-level hierarchy is used to distinguish between (A) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (B) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs). This distinction determines the classification of fair value measurements for disclosure purposes.

The various types of inputs used in determining the value of the Fund’s investments are summarized below for each of the three levels:

●

Level 1 – Pricing inputs are quoted prices available in active markets for identical investments as of the measurement date. The type of investments included in Level 1 include marketable securities that are primarily traded on one or more of the U.S. national securities exchanges, the Nasdaq Stock Market or any foreign stock exchange. The fair value is determined to be the last sale price on the determination date, or, if no sales occurred on that date, the closing bid price on the determination date. In accordance with authoritative guidance, the Fund does not apply a blockage discount to the quoted price for these investments, even in situations where the Fund holds a large position in an investment and a sale could reasonably impact the quoted price.

●

Level 2 – Pricing inputs are observable inputs other than quoted prices for identical assets in active markets (i.e., not Level 1 inputs). Fair value is determined using models or other valuation methodologies through direct or indirect corroboration with observable market data. Investments that are generally included in this category include corporate notes, convertible notes, warrants and restricted public equity securities. The fair value of legally restricted equity securities may be discounted depending on the likely impact of the restrictions on liquidity and the Adviser’s estimates.

●

Level 3 – Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment and/or estimation. Investments that are included in this category are private equity and debt investments, as well as convertible notes and warrants that are not actively traded. The fair value for investments using Level 3 pricing inputs is based on the Adviser’s estimates that consider a combination of various factors and performance measurements. These factors and measurements include the timing of the transaction; the market in which the investment operates; comparable market transactions; operational performance and projections of the investments; various performance multiples as applied to earnings before interest, taxes, depreciation, and amortization or a similar measure of earnings for the latest reporting period or a forward period; brokers’ quotes; and discounted cash flow analysis.

Due to the inherent uncertainty of estimates, fair value determinations based on estimates may materially differ from the values that would have been used had a ready market for the securities existed. The following is a summary of the Fund's investments classified in the fair value hierarchy as of June 30, 2026:

Investments	Level 1		Level 2			Level 3		Total
Common Stocks	$	539,775,827	$	—		$	—	$	539,775,827
High Yield Bonds		—		113,865,719			—		113,865,719
Asset-Backed Securities		—		—			70,781,364		70,781,364
Floating Rate Loans		—		—			842,182,191		842,182,191
Direct Investments:
Direct Equity		—		—			7,920,169,849		7,920,169,849
Direct Debt		—		—			556,537,109		556,537,109
Total Direct Investments	$	—	$	—		$	8,476,706,958	$	8,476,706,958
Secondary Investments		—		—			2,497,549,089		2,497,549,089
Primary Investments		—		—			2,321,796,564		2,321,796,564
Cash Equivalents		306,681,094		—			—		306,681,094
Total Investments	$	846,456,921	$	113,865,719		$	14,209,016,166	$	15,169,338,806
Other Financial Instruments
Assets
Foreign Currency Exchange Contracts	$	—	$	105,420,518		$	—	$	105,420,518
Total Assets	$	—	$	105,420,518		$	—	$	105,420,518
Liabilities
Foreign Currency Exchange Contracts	$	—	$	(20,012,627	)	$	—	$	(20,012,627	)
Total Liabilities	$	—	$	(20,012,627	)	$	—	$	(20,012,627	)
Total Investments Net of Foreign Currency Exchange Contracts	$	846,456,921	$	199,273,610		$	14,209,016,166	$	15,254,746,697

The following is a reconciliation of the amount of the account balances on April 1, 2026 and June 30, 2026 of those investments in which significant unobservable inputs (Level 3) were used in determining value:

	Balance as of April 1, 2026		Realized Gain/(Loss)			Net Change in Unrealized Appreciation/ (Depreciation)			Gross Purchases		Gross Sales			Net Amortization of Discount/ (Premium)		Net Transfers In or Out of Level 3			Balance as of June 30, 2026
Asset-Backed Securities	$	81,700,389	$	(506,556	)	$	1,477,033		$	13,999,428	$	(25,906,324	)	$	17,394	$	—		$	70,781,364
Floating Rate Loans	$	1,229,240,727	$	5,082,930		$	(2,857,439	)	$	49,057,228	$	(451,345,734	)	$	452,221	$	12,552,258		$	842,182,191
Direct Investments:
Direct Equity Investments	$	8,439,332,201	$	1,798,483		$	(326,958,540	)	$	70,546,628	$	(264,548,923	)	$	—	$	—		$	7,920,169,849
Direct Debt Investments	$	663,626,777	$	(777,807	)	$	(5,526,703	)	$	27,979,687	$	(106,644,704	)	$	428,772	$	(22,548,913	)	$	556,537,109
Total Direct Investments*	$	9,102,958,978	$	1,020,676		$	(332,485,243	)	$	98,526,315	$	(371,193,627	)	$	428,772	$	(22,548,913	)	$	8,476,706,958
Secondary Investments*	$	2,549,094,356	$	1,377,702		$	(24,377,361	)	$	23,377,448	$	(51,923,056	)	$	—	$	—		$	2,497,549,089
Primary Investments*	$	2,335,645,765	$	3,472,982		$	(34,429,355	)	$	54,673,206	$	(37,566,034	)		—		—		$	2,321,796,564
Total	$	15,298,640,215	$	10,447,734		$	(392,672,365	)	$	239,633,625	$	(937,934,775	)	$	898,387	$	(9,996,655	)	$	14,209,016,166

For the purposes of the tables above: (i) “Direct Investments” are private investments directly in the equity or debt of selected operating companies, often together with the management of the investee operating company; (ii) “Primary Investments” are investments in newly established private equity partnerships where underlying portfolio companies are generally not known as of the time of investment; and “Secondary Investments” are single or portfolios of assets acquired on the secondary market. However, in the private equity market sector the term “Secondary Investments” is generally understood to mean Private Equity Fund Investments acquired in the secondary market. Notwithstanding the foregoing, if the Fund reasonably determines that the strict application of the above definitions would not reflect the economic substance of any investment, the Fund may re-classify such investment as it deems appropriate.

Included within Transfers In and Transfers Out of $12,552,258 and $22,548,913 of reclassifications between Floating Rate Loans and Direct Debt Investments.

Changes in inputs or methods used for valuing investments may result in transfers in or out of levels within the fair value hierarchy. The inputs or methods used for valuing investments may not necessarily be an indication of the risk associated with investing in those investments. Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur.

The amount of the net change in unrealized appreciation (depreciation) for the three months ended June 30, 2026 relating to investments in Level 3 assets still held at June 30, 2026 is $7,373,869, which is included as a component of net change in unrealized appreciation (depreciation) on investments on the Consolidated Statement of Operations.

The following is a summary of quantitative information about significant unobservable valuation inputs approved by the Adviser for Level 3 Fair Value Measurements for investments held as of June 30, 2026:

Type of Security	Fair Value at June 30, 2026 (000’s)*		Valuation Technique(s)	Unobservable Input	Range (weighted average)
Asset-Backed Securities	$	70,781	Reported fair value	Reported fair value	n/a
Floating Rate Loans		842,182	Broker quotes	Indicative quotes for an inactive market	n/a
Direct Investments:
Direct Equity	$	778,154	Discounted cash flow	Discount factor	8.72% – 19.70% (12.25%)
		6,313,115	Market comparable companies	Enterprise value to EBITDA multiple	3.13x – 32.80x (16.90x)
		21,188	Market comparable companies	Price to book ratio	2.30x – 2.30x (2.30x)
		459,435	Exit price	Recent transaction price	n/a
		210,073	Reported fair value	Reported fair value	0.00x – 0.00x (0.00x)
		138,205	Market comparable companies	Enterprise value to sales multiple	2.00x – 25.00x (8.88x)
Direct Debt	$	202,070	Broker quotes	Indicative quotes for an inactive market	n/a
		319,617	Discounted cash flow	Discount factor	7.17% – 26.98% (10.16%)
		3,969	Exit price	Recent transaction price	n/a
		30,080	Reported fair value	Reported fair value	n/a
		302	Market comparable companies	Enterprise value to EBITDA multiple	14.40x – 14.40x (0.00x)
		499	Market comparable companies	Enterprise value to sales multiple	2.00x – 2.00x (0.00x)
Primary and Secondary Investments	$	4,819,346	Adjusted reported net asset value	Reported net asset value	n/a

Level 3 fair value includes accrued interest.

Level 3 Direct Equity Investments valued using an unobservable input are directly affected by a change in that input. For Level 3 Direct Debt Investments, the Fund estimates fair value utilizing earnings and multiples analysis or an analysis of discounted cash flows that considers the credit risk and interest rate risk of the particular investment. For Direct Investments, significant increases or decreases in these inputs in isolation would result in a significantly lower or higher fair value measurements.

Forward Foreign Currency Exchange Contracts

The Fund may enter into forward foreign currency exchange contracts to manage foreign exchange rate risk. These contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date may be entered into as a hedge against either specific transactions or portfolio positions. The objective of the Fund’s foreign currency hedging transactions is to reduce the risk that the U.S. Dollar value of the Fund’s foreign currency denominated investments will decline due to changes in foreign currency exchange rates. All forward foreign currency exchange contracts are “marked-to-market” daily at the applicable translation rates resulting in unrealized gains or losses. Realized gains or losses are recorded at the time the forward foreign currency exchange contract is offset by entering into a closing transaction or by the delivery or receipt of the currency. The potential inability of counterparties to meet the terms of their contracts and unanticipated movements in the value of a foreign currency relative to the U.S. Dollar are inherent in forward foreign currency exchange contracts.

During the three months ended June 30, 2026, the Fund entered into 19 long/short forward foreign currency exchange contracts. The Fund had $(5,212,382) in net realized gain (loss) and $16,001,159 net change in unrealized appreciation (depreciation) on forward foreign currency exchange contracts. The outstanding forward foreign currency exchange contract amounts at June 30, 2026 are representative of contract amounts during the period.

Affiliated Investments

Under Section 2(a)(3) of the Investment Company Act, a portfolio company is considered “affiliated” with the Fund if the Fund owns five percent or more of such portfolio company's outstanding voting securities. The Fund held at least five percent of the outstanding voting securities of the following portfolio companies as of June 30, 2026:

	Shares/ Principal as of June 30, 2026		Fair Value as of March 31, 2026		Gross Additions⁽¹⁾		Gross Reductions⁽²⁾			Realized Gains/ Losses			Change in Unrealized Gains (Losses)			Fair Value as of June 30, 2026		Affiliated Income/ Accretion of Discount
Non—Controlled Affiliates
MHS Acquisition Holdings, LLC⁽⁴⁾		35,641	$	452,946	$	—	$	—		$	—		$	(49,067	)	$	403,879	$	—
MHS Blocker Purchaser L.P.⁽³⁾⁽⁴⁾		—		36,128,912		—		(1	)		—			(3,913,760	)		32,215,151		—
Surfaces SLP (SCSp)⁽³⁾		—		16,917,582		—					—			(3,435,711	)		13,481,871		—
Total Non—Controlled Affiliates			$	53,499,440	$	—	$	(1	)	$	—		$	(7,398,538	)	$	46,100,901		—
Controlled Affiliates
Confluent Health Holdings LP		30,344		71,366,538		—		—			—			(7,710,215	)		63,656,323		—
Dermatology Holdings, L.P.⁽³⁾		—		190,406,125		—		—			—			2,575,871			192,981,996		—
ECP Parent, LLC		114,028,360		78,672,931		—		—			—			(4,151,124	)		74,521,807		—
EdgeCore Holdings, L.P. ⁽³⁾		—		271,921,161		—		—			—			9,771,451			281,692,612		—
Encore Holdings LP		73,227		215,682,163		—		—			—			9,176,709			224,858,872		—
EnfraGen LLC		37,786		86,172,995		—		(283,395	)		—			(2,801,511	)		83,088,089		—
Gateway Fleets Holdings, LP⁽³⁾		—		3,133,773		—		—			—			39,762			3,173,535		—
Green DC LuxCo S.à.r.l.⁽³⁾		—		381,052,955		—		(1	)		—			370,727			381,423,681		—
Icebox Holdco I Inc.⁽³⁾⁽⁵⁾		—		—		—		—			(58,809	)		58,809			—		—
Icebox Parent L.P.⁽³⁾⁽⁵⁾		—		399,733,623		—		—			—			1,788,881			401,522,504		—
Idera Parent L.P.⁽³⁾		—		169,618,664		—		—			—			(5,362,075	)		164,256,589		—
KPOCH Holdings, L.P.⁽³⁾		—		226,449,750		—		—			—			(114,851,250	)		111,598,500		—
KPSKY Holdings L.P.⁽³⁾		—		52,503,854		—		—			—			(4,509,217	)		47,994,637		—
Lumen Topco Limited		237,460,187		—		48,039,988		—			—			166,219,169			214,259,157		—
Luxembourg Investment Company 285 S.à.r.l.⁽⁶⁾		14,865,773		—		—		—			—			—			—		—
Luxembourg Investment Company 314 S.à.r.l.⁽⁶⁾		192,000		1		—		—			—			—			1		—
Luxembourg Investment Company 404 S.à.r.l.		145,800		25,747,523		—		—			—			(3,418,958	)		22,328,565		—
Luxembourg Investment Company 414 S.à.r.l.		12,316,087		137,439,895		—		—			—			5,673,344			143,113,239		—
Luxembourg Investment Company 430 S.à.r.l.		52,594,635		77,143,500		—		—			—			(7,419,352	)		69,724,148		—
Orbiter Investments S.à.r.l.		8,568,857		216,444,595		—		—			—			130,903			216,575,498		—
Partners Group Satellite HoldCo S.à.r.l.		17,129,273		28,871,324		—		—			—			(5,195,422	)		23,675,902		—
Partners Group Satellite Warehouse S.C.S.⁽³⁾		—		976,007		—		—			—			(95,361	)		880,646		—
PG BRPC Investment, LLC		32,079		75,134,880		—		—			(47,730	)		105,834			75,192,984		—
PG Delta HoldCo, LLC		42,616		106,937,453		—		—			—			(1,275,799	)		105,661,654		—
PG Investment Company 18 S.à.r.l.		126,506,634		257,632,941		—		—			—			1,090,195			258,723,136		—
PG Investment Company 24 S.à.r.l.		102,241,506		195,105,269		—		—			—			(6,206,856	)		188,898,413		—
PG Investment Company 76 S.à.r.l.		43,837,247		44,022,819		31,534		(1	)		—			(18,499,341	)		25,555,011		—
PG Investment Company 88 S.à r.l.		39,899,593		58,930,525		—		(42,856	)		516			1,591,186			60,479,371		—
PG Lion Management Warehouse S.C.S⁽³⁾⁽⁶⁾		—		1		—		—			—			—			1		—
PG Lotus Pte Ltd.		20,708,280		20,877,941		—		1			—			309,809			21,187,751		—
PG TLP S.à.r.l.		6,473,126		139,434,806		—		—			—			(609,896	)		138,824,910		—
PG Wave Limited		53,215,581		136,342,590		—		—			—			15,288,561			151,631,151		—
Pharmathen GP S.à.r.l.		110,300		1		—		—			—			—			1		—
Pharmathen Topco S.à r.l.		98,937,978		78,723,151		—		—			—			(78,723,150	)		1		—
Polyusus Lux XVI S.à.r.l.⁽³⁾		—		175,200		—		(4	)		(34,349,545	)		34,174,349			—		—
Root JVCo S.à.r.l.		11,049,750		117,899,504		—		—			—			1,142,694			119,042,198		—
Specialty Pharma Holdings LP⁽³⁾		—		153,753,326		—		(1	)		—			(2,872,506	)		150,880,819		—
Sunsure Energy Private Limited		4,942,819		32,979,582		—		—			—			2,268,013			35,247,595		—
SureWerx Topco, L.P.⁽³⁾		—		66,349,812		—		—			—			313,444			66,663,256		—
Thermostat Purchaser, L.P.⁽³⁾		—		128,407,461		—		—			—			(10,588,616	)		117,818,845		—
WHCG Purchaser, L.P.		10,934,833		27,946,239		—		—			—			2,525,738			30,471,977		—
Zoncolan Topco S.à.r.l.		25,768,622		89,751,923		—		—			—			(3,075,433	)		86,676,490		—
Total Controlled Affiliates			$	4,363,742,801	$	48,071,522	$	(326,257	)	$	(34,455,568	)	$	(22,750,633	)	$	4,354,281,865	$	—
Total Non—Controlled and Controlled Affiliates			$	4,417,242,241	$	48,071,522	$	(326,258	)	$	(34,455,568	)	$	(30,149,171	)	$	4,400,382,766	$	—

(1)

Gross additions may include increases in the cost basis of investments resulting from new portfolio investments, the accretion of discounts and the exchange of one or more existing securities for one or more new securities.

(2)

Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales and the exchange of one or more existing securities for one or more new securities.

(3)

Investment does not issue shares.

(4)

MHS Acquisition Holdings, LLC and MHS Blocker Purchaser L.P. are related to the same investment.

(5)

Icebox Holdco I Inc and Icebox Parent LP are related to the same investment.

(6)

Luxembourg Investment Company 285 S.à.r.l, Luxembourg Investment Company 314 S.à.r.l and PG Lion Management Warehouse S.C.S. are related to the same investment.

Subsequent Events

Management has evaluated the impact of all subsequent events on the Fund and determined that there were no subsequent events that require disclosure in the consolidated financial statements.