Business · Companies · 2 hrs ago
Partners Group plans leadership change as business faces pressure
Partners Group, a Swiss investment firm founded in 1996, manages $186 billion in assets.
This year, concerns about its evergreen funds, weaker results and a sharp fall in its share price have weighed on investor confidence.
In September, the company announced that long-time managers Roberto Cagnati and Juri Jenkner will become co-CEOs in early 2027.
Current CEO David Layton is due to become chief investment officer.
Two executive search advisers say the change could help simplify the company’s structure after rapid growth added management layers and blurred responsibilities in some areas.
They also say more private-market firms are competing for clients’ money, making it harder for any one firm to capture growth.
The leadership change is planned for early 2027, while the advisers say Partners Group’s restructuring could also bring experienced staff onto the job market.
Partners Group plans to appoint Roberto Cagnati and Juri Jenkner as co-CEOs in early 2027.
Current CEO David Layton is expected to become chief investment officer.
The company has faced pressure this year from concerns about evergreen funds, weaker results and a sharp fall in its share price.
Executive-search consultants Klaus Biermann and Jonas Neff say the leadership change could help simplify the company’s structure and refocus it on its strengths.
They also say Partners Group employees are more open to job opportunities as competition in private markets grows.
- Who
- Partners Group; Roberto Cagnati and Juri Jenkner are due to take over as co-CEOs, with David Layton moving to chief investment officer.
- What
- The company has announced a change in its operational leadership.
- When
- The change was announced in September. Cagnati and Jenkner are expected to take over in early 2027.
- Where
- Partners Group is headquartered in Switzerland.
- Why
- The company faces pressure from concerns about evergreen funds, weaker results and a sharp share-price decline. Consultants say the change could also help adjust its structure.
This story does not have two clearly opposing sides.
Partners Group has caught a “Credit Suisse virus” in some areas, in the sense that too many levels of hierarchy have developed, there is too much politics and it is sometimes no longer clear who is responsible for what.
The party is not over.
But the flame may be burning a little smaller.
Partners Group was founded.
Partners Group announced that Roberto Cagnati and Juri Jenkner would take over as co-CEOs in early 2027.
Cagnati and Jenkner are expected to become co-CEOs, while David Layton moves to the chief investment officer role.
- Assets under management
- $186 billion
- Founded
- 1996
- Incoming co-CEOs
- Roberto Cagnati and Juri Jenkner
- Expected leadership change
- Early 2027
- Current CEO’s next role
- David Layton is to become chief investment officer
Sources
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