Partners Group SBSI LLC - 01 Dec 2025 Form 3 Insider Report for Partners Group Private Equity (Master Fund), LLC

Role: Affiliate of the Adviser
Signature: /s/ Helen Flood, as Director for sole member (Partners Group (USA) Inc.)
Issuer symbol: N/A
Transactions as of: 01 Dec 2025
Net transactions value: $0
Form type: 3
Filing time: 16 Dec 2025, 14:16:20 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Partners Group SBSI LLC	Affiliate of the Adviser	1114 AVENUE OF THE AMERICAS, 37TH FLOOR, NEW YORK	/s/ Helen Flood, as Director for sole member (Partners Group (USA) Inc.)	16 Dec 2025	0002100256

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding		Limited Liability Company Shares, Class I						$250,000,000	01 Dec 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person is an affiliate of the Adviser and has submitted a subscription document to purchase units of the issuer as ofDecember 1, 2025. The subscription will provide additional capital investment to the issuer. The amount of shares purchased, theprice and the amount of shares beneficially owned after the transaction will be estimated using a November 30, 2025 net asset value ("NAV") due to the timing of the calculation of the issuer's NAV, which is not available at the time of this filing.

Content

The Reporting Person is an affiliate of the Adviser and has submitted a subscription document to purchase units of the issuer as ofDecember 1, 2025. The subscription will provide additional capital investment to the issuer. The amount of shares purchased, theprice and the amount of shares beneficially owned after the transaction will be estimated using a November 30, 2025 net asset value ("NAV") due to the timing of the calculation of the issuer's NAV, which is not available at the time of this filing.