Pantheon launches evergreen credit secondaries fund
Pantheon has bolstered its evergreen fund range for investors outside the US with the launch of a credit secondaries strategy.
The Pantheon Global Secondaries fund is the seventh addition to the firm’s private wealth platform. It will be available in over 20 countries across EMEA, Latin America, Apac and Australia.
The fund will invest in limited partner interests and general partner liquidity solutions across direct lending and opportunistic credit.
The fund will be in addition to the asset manager’s existing $10.6bn (£8bn) global wealth platform, which features two UK investment trusts and a global private equity fund launched in 2023.
Pantheon launched the first credit secondaries dedicated fund back in 2018 and since then has committed around $7.9bn to transactions and raise more than $10.1bn from investors. Most recently, its third dedicated programme closed at $5.2bn.
Read more: Pantheon launches second US evergreen secondaries fund
“We are pleased to provide an attractive access point for diversified global credit secondaries, a growing and attractive sub-segment of the secondaries market, to investors in the international wealth channel,” said Toni Vainio, portfolio manager and head of European private credit.
Victor Mayer, head of international private wealth, added: “We’re excited to extend Pantheon’s specialized semi-liquid expertise into private credit secondaries. Allowing our investors to seek compelling returns and income amid rate fluctuations and persistent inflation — providing international clients with access to the fast-growing credit secondaries market at an enticing time of development.”
Read more: Private credit secondaries become more popular, paving way for GP-led deals
