2 months ago
Partners Group is replacing its CEO after reporting mixed interim results amid redemption pressure on its evergreen products.
David Layton, who has been the sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs Jan. 1.
Cagnati most recently ran portfolio solutions and served as chief risk officer, while Jenkner most recently served as president after heading both infrastructure and private credit earlier.
The change comes as Partners, which manages total ****** ets of $186 billion, announces mixed interim results. While the group saw record fundraising—with clients committing $16 billion to the firm, up from $12.2 billion a year earlier— profit fell 13% to 502 million Swiss francs (about $620 million).
#billion #jenkner #group
David Layton, who has been the sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs Jan. 1.
Cagnati most recently ran portfolio solutions and served as chief risk officer, while Jenkner most recently served as president after heading both infrastructure and private credit earlier.
The change comes as Partners, which manages total ****** ets of $186 billion, announces mixed interim results. While the group saw record fundraising—with clients committing $16 billion to the firm, up from $12.2 billion a year earlier— profit fell 13% to 502 million Swiss francs (about $620 million).
#billion #jenkner #group
2 months ago
Partners Group is replacing its CEO as the firm reported mixed interim results against the backdrop of redemption pressure on its evergreen products.
David Layton, who has been sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs effective January 1, 2027.
"At this point in the year, if you're not already signed and marching towards exit, there's just uncertainty there."
The performance fee generation in evergreen programs was also impacted by the lower performance in select mature PE portfolios in H1.
#evergreen #since #david #layton
David Layton, who has been sole CEO since 2021 and with the firm since 2005, will step down to become CIO and chair of the global investment committee.
Roberto Cagnati and Juri Jenkner, both hired in 2004, will take over as co-CEOs effective January 1, 2027.
"At this point in the year, if you're not already signed and marching towards exit, there's just uncertainty there."
The performance fee generation in evergreen programs was also impacted by the lower performance in select mature PE portfolios in H1.
#evergreen #since #david #layton
