Pantheon launches second US evergreen secondaries fund
Pantheon has launched a new private credit secondaries-focused evergreen fund for US private wealth investors.
The second iteration of the AMG Pantheon Credit Solutions Fund (P-SECC) follows the launch of the initial P-SECC fund in October 2023.
It has more than $435m (£344.59m) in assets under management and will be available for purchase during the fourth quarter of the year.
The fund has been designed to attract private wealth investors in the US, offering “first-of-its-kind access” to private credit secondaries in an evergreen interval fund structure.
It will provide US investors with exposure to a diversified private credit secondaries portfolio focused primarily on senior debt investments sourced through Pantheon’s global private credit platform, the asset manager said.
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“The launch of P-SECC represents a significant milestone in expanding our private wealth offerings with a differentiated solution focused on the growing private credit secondaries market,” said Michael Hutten, partner and head of US private wealth at Pantheon.
“By leveraging our extensive experience and robust platform, we can offer a unique investment opportunity focused on addressing private wealth investors’ concerns around inflation, interest rates, credit defaults and the continued need for enhanced income.”
The fund has been developed alongside global asset manager AMG.
Pantheon launched the market’s first dedicated private credit secondaries fund in 2018. Since then, it has committed approximately $6bn and raised more than $8bn from a range of institutional and private wealth investors.
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