Business · Companies · 19 hrs ago

Partners Group cuts or moves dozens of private-equity roles

Partners Group cuts or moves dozens of private-equity roles

Partners Group cut or reassigned dozens of private-equity roles across its global business, according to a media report citing people familiar with the matter.

The Swiss asset manager is based in Baar and has more than 200 people in the division led by Wolf-Henning Scheider.

Some staff left the company, while others moved to areas including infrastructure and royalties.

The changes followed a regular performance review and come as older private-equity portfolios have lagged some competitors.

This has added to investor withdrawals from the firm’s evergreen products, which allow investment without a fixed fund end date.

Partners Group says its private-equity team remains within its long-term average size and that it expanded senior-level operating expertise last year.

The company is seeking to improve returns and rebuild investor confidence after a turbulent period, while its shares have fallen about 40% since the start of the year.

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