Partners Group rejigs infra leadership

The reshuffle at the top of the private markets team comes after the firm warned of lofty valuations in core infrastructure.

Partners Group has made changes at the top of its private markets team that will see Juri Jenkner, the Swiss firm’s co-head of private infrastructure, become sole head of the unit.

Brandon Prater, previously co-head alongside Jenkner, will become chairman of the private infrastructure investment committee. The rejig also sees Jenkner, at Partners Group since 2004, become a member of the executive committee.

The moves are part of a wider reshuffle of the firm’s leadership. Stephan Schäli, currently co-head of private equity, has been appointed chief investment officer, with David Layton becoming sole head of the buyout team. Real estate seems to be bucking the move away from dual leadership. It will now have two bosses instead of one, namely Claude Angéloz and Mike Bryant.

René Biner, currently co-head of investments, will take on the role of chairman of the global investment committee in order to dedicate “significantly more time to the firm’s global private markets investment activities”, Partners Group said.

Meanwhile, Cyrill Wipfli will move from his present role as chief financial officer to become co-head of portfolio management.

The reshuffle happens shortly after the firm closed its third Multi-Asset Credit Fund, the mandate of which spans corporates, real estate and infrastructure, on €1 billion. It also comes as Partners Group adopts a more selective investment approach amid what it sees as abnormally inflated prices in the safest corners of the infrastructure market.

“We are operating in a market environment characterised by low global growth and meaningful tail risks, in which prices across asset classes have reached unusually high levels,” Peter Wuffli, Partners Group’s chairman, said last month.