Partners Group funds sell 747K Life Time (NYSE: LTH) shares, retain stake
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. insider entities associated with Partners Group reported an open-market sale of 747,178 shares of Common Stock at $31.46 per share. The transaction was effected indirectly through several investment vehicles, rather than by an individual executive.
According to the disclosure, 392,665 shares were sold by Partners Group Private Equity Fund, LLC, 863 by Partners Group Private Equity II, LLC, 28,604 by Partners Group Access 83 PF LP, and 325,046 by Partners Group Series Access II, LLC, Series 61. After these sales, the reporting entities together still hold 2,431,203 shares of Life Time common stock through these vehicles.
Positive
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Negative
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Insights
Partners Group vehicles made a sizable but partial open-market share sale.
The filing shows investment vehicles linked to Partners Group sold 747,178 shares of Life Time common stock in an open-market transaction at $31.46 per share. The transaction is categorized as an indirect sale by fund entities, not by a company executive.
Post-transaction, these vehicles still hold 2,431,203 shares across four entities, indicating they retain a substantial position despite the reduction. The filing notes that each entity disclaims beneficial ownership beyond its pecuniary interest, underscoring that the interests are held for investment through fund structures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 747,178 | $31.46 | $23.51M |
Footnotes (1)
- Represents 392,665 shares sold by Partners Group Private Equity Fund, LLC ("PG PE Fund"), 863 shares sold by Partners Group Private Equity II, LLC ("PG PE II"), 28,604 shares sold by Partners Group Access 83 PF LP ("PG Access 83"), and 325,046 shares sold by Partners Group Series Access II, LLC, Series 61 ("PG Series 61"). 1,277,673 of such shares of Common Stock are directly held by PG PE Fund, 2,808 of such shares are directly held by PG PE II, 93,071 of such shares are directly held by PG Access 83 and 1,057,651 of such shares are directly held by PG Series 61. The investment manager of PG PE Fund is Partners Group (USA) Inc. ("PG USA"). PG USA, PG PE II, PG Access 83 and PG Series 61 are indirectly controlled by Partners Group Holding AG. Each of PG PE Fund, PG PE II, PG Access 83 and PG Series 61 disclaims beneficial ownership of any securities that it does not directly beneficially own, except to the extent of its pecuniary interest, if any, therein.