Partners Group has cut or reassigned dozens of roles in its private equity business, according to a report by Bloomberg citing people familiar with the matter. The Swiss firm is trying to revive returns that have come under scrutiny from investors, and the restructuring comes as evergreen vehicles face mounting pressure.
The changes affect a team of more than 200 people led by Wolf-Henning Scheider. They span all regions and levels of seniority, Bloomberg reported. The move signals a broader effort to refocus the private equity unit at a time when investors are asking tougher questions about performance.
Some of the affected staff have left the firm. Others have moved to other divisions, including infrastructure and royalties. The reshuffle places experienced professionals in areas where the firm sees opportunity, while leaving the core private equity franchise under review.
A spokesman told Bloomberg that the departures followed one of the firm's regular performance reviews. The company presented the changes as part of its routine assessment process rather than a response to any single crisis. Whether the restructuring will restore confidence in Partners Group's private equity returns remains to be seen.
Source: PE Insights · Summarized by HeadlinesBriefing