Partners Group Replaces CEO as Lower Performance Income Weighs on Interim Profit

03:54 AM EDT, 09/01/2026 (MT Newswires) -- Partners Group (PGHN.SW) is replacing its chief executive with two new officials as it reported a drop in first-half profit amid a decline in performance fees. The Swiss private equity group said Tuesday that David Layton will step down as CEO and from the executive team to become chief investment officer, effective at the start of 2027. Layton, who initially served as co-CEO since 2019 and as sole chief executive since 2021, will be replaced by company partners Roberto Cagnati and Juri Jenkner. Cagnati most recently served as head of portfolio solutions and chief risk officer, while Jenkner is president and head of business development. The reshuffle comes as the company reported weaker performance in the first six months of 2026, with profit for the period dropping year over year to 502 million francs from 578 million francs. Revenue fell to 1.12 billion francs from 1.21 billion francs, driven by a 39% fall in performance income to 216 million francs, representing 19% of the total topline. For full year 2026, Partners Group expects performance income to range between 20% and 25% of revenue. The company confirmed its mid- to long-term guidance for performance income of between 25% and 40% of revenue. Shares of the company dropped over 8% in early Tuesday trading.