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The news comes after investors voted at the AGM of the private equity fund to explore a new structure to provide investors with direct exposure to the portfolio's underlying assets.

Urs Wietlisbach, director of the fund and co-founder of Partners Group, said moves to restructure the fund would begin ahead of an EGM in the third quarter.

He said: "The proposed capital restructuring is intended to allow shareholders to obtain true exposure to the private equity portfolio, therefore eliminating undue stock market volatility."

The restructure of the fund would see it delisted from the London Stock Exchange, where shares in the Guernsey-domiciled fund are currently traded.

The fund said the change would also be accompanied by a deleveraging process to be funded through the sale of part of its mezzanine and fund portfolio later this year.

The board first mooted the possibility of a change to the structure of the fund in December 2008 as it looked at ways to control its discount level.

The fund is currently trading at a 65.4 per cent discount to NAV.