Partners Group Holding AG (OTC: PGPHF) Reports Lower H1 Profit and Leadership Transition
- Partners Group Holding AG (OTC: PGPHF) reported first-half 2026 revenue of CHF 1.12 billion, down 7% year over year.
- Net profit declined 13% to CHF 502 million, while basic earnings per share fell to CHF 19.49 from CHF 22.24.
- Roberto Cagnati and Juri Jenkner will become co-CEOs on January 1, 2027, succeeding David Layton.
Partners Group Holding AG (OTC: PGPHF) is a Swiss private-markets investment firm operating across private equity, private credit, infrastructure, real estate, and other asset classes.
On September 1, 2026, Partners Group reported H1 revenue of CHF 1.12 billion, down 7% from CHF 1.21 billion a year earlier. Revenue decreased only 2% in constant currency, indicating that unfavorable exchange-rate movements contributed to the decline.
Management income increased 6% to CHF 905 million, supported by growth in assets under management. However, performance income fell 39% to CHF 216 million, reflecting the timing of investment exits. It represented 19% of revenue, down from 29% a year earlier.
Net profit declined 13% to CHF 502 million, although it was approximately unchanged in constant currency. Basic earnings per share fell to CHF 19.49, while diluted EPS was CHF 19.48.
The company attracted $16 billion in new client commitments, raising assets under management to $186 billion. It maintained its full-year forecast for $26 billion to $32 billion in new client assets but expects performance income to represent only 20%–25% of 2026 revenue.
Effective January 1, 2027, David Layton will become chief investment officer, while Roberto Cagnati and Juri Jenknerwill take over as co-CEOs, subject to regulatory approval. The Swiss-listed shares fell approximately 7% as investors reacted to lower performance income, delayed exits, fund-redemption pressure, and the leadership transition.
