Swiss private equity firm Partners Group has set up a fund for employees of its portfolio companies affected by the novel coronavirus pandemic, in an attempt to help their workers weather the global health crisis.
For at least the next six months, David Layton and André Frei, the firm’s co-chief executives, along with members of its board—including three co-founders of the firm and its chairman—will give up their salaries to make cash available for the portfolio company employees’ fund. Layton announced the effort on a call with investors Thursday morning.