Partners Group Private Equity to restructure after 8.6% first-half loss
Partners Group Private Equity says poor NAV performance has driven its five-year annualised return into negative territory and it will restructure to offer disgruntled shareholders a 30% exit. Chair Peter McKellar links nearly two thirds of the half-year loss to 2021-23 high-price, debt-heavy investments, with the remainder tied to weaker conditions from the war in the Middle East, despite higher portfolio proceeds.