In the media
When we published our 2019 Corporate Sustainability Report on 2 April, our Co-CEO David Layton told shareholders that Partners Group was raising a Portfolio Employee Support Fund to support the most financially vulnerable employees at our portfolio companies during the #covid19 global health crisis.
Our Co-CEOs, together with our Chairman and our founders, agreed to forgo 100% of their salaries for at least six months to support the fund. There has also been broad participation from Partners Group employees from across all regions; Partners Group as a firm contributed too.
Today, the Portfolio Employee Support Fund has approximately USD 10 million in funds available and has so far allocated approximately USD 6.2 million to portfolio company hardship initiatives.
Longer term, Partners Group remains committed to developing a Stakeholder Benefits Program which aims to systematically re-invest a portion of achieved profit growth for the benefit of portfolio company employees and other stakeholders.