Partners Group, the Switzerland-listed private equity firm, has warned that the coronavirus outbreak will impact most of its exit activities, which will hit performance fees in the first half of the year.

In a conference call on the firm’s annual results, co-head of group finance and corporate development Philip Sauer said performance fees will likely be skewed to the second half of the year and fall below the firm’s long-term guidance of 20% to 30% as a proportion of total revenue. Full year performance fees in 2019 were 473m Swiss francs.