Swiss private equity firm Partners Group reported a 13% year-on-year decline in first-half net profit to 502 million Swiss francs (about $620 million). The company said issues surrounding its open-ended funds are weighing on its share price. It also announced that CEO David Layton will step down from the executive board on January 1, 2027, and will be succeeded by Roberto Cagnati and Yuri Jenkner as co-CEOs. In July, the company said that while inflows in the first half exceeded expectations, outflows from some open-ended funds were expected to continue, and it had imposed redemption restrictions on such funds in June. It confirmed its full-year outlook for new client assets of $26 billion to $32 billion. It stated that performance fees for 2026 are expected to be around 20-25%, depending on the timing of closings of ongoing direct investment exits. This is below its medium-to-long-term guidance of 25-40%.
Partners Group Holding AGFirst-half net profit fell 13% year-on-year to 502 million Swiss francs, and 2026 performance fees are guided below medium-to-long-term range.
