{
  "id": 5173591,
  "title": "Partners Group replaces CEO as it works through evergreen fund redemptions",
  "url": "https://urgent.news/2026/09/01/partners-group-replaces-ceo-as-it-works-through-evergreen-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T12:58:44.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/partners-group-replaces-ceo-works-125844835.html"
  },
  "original_language": "en",
  "account": "Partners Group is replacing CEO David Layton amid challenges with its evergreen funds facing redemptions. Layton, who has served as CEO since 2021, will become CIO and chair of the global investment committee. Roberto Cagnati and Juri Jenkner, both long-time employees, will assume co-CEO roles starting Jan. 1. The move comes after Partners reported mixed interim results, with a 13% drop in profit to 502 million Swiss francs. The firm saw record fundraising, with $16 billion committed, up from $12.2 billion a year earlier. However, performance income accounted for only 19% of total revenue, below the 20-25% target it had set. Layton cited uncertainties around exit processes and performance in certain PE portfolios as factors impacting the firm's financial performance. The share price has fallen over 30% year-to-date due to redemption pressure on evergreen products.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}