Generali Investments and Partners Group launch private credit secondaries fund
Generali Investments and Partners Group have announced the launch of the Private Credit Secondaries Fund. The fund will invest globally across a range of private credit secondaries transactions, and is available to professional investors in Europe, the Middle East and Asia.
The fund is structured as a Luxembourg Reserved Alternative Investment Fund and will carry Article 8 status under the European Union’s SFDR regime.
Read more: Partners Group profit jumps by 12pc
A Partners Group press release noted a rise in total private credit assets under management at $1.6tn (£1.2tn), according to Preqin data, which it said would underpin future secondaries transaction volumes.
“We have strategically positioned ourselves with a diverse array of investment strategies to assist our clients in achieving their direct and indirect private credit investment goals,” said Generali Investments global head of sales and marketing Marco Zanuso.
Read more: Partners Group CLO reset priced at €406.25m
“This focus on alternative asset classes aligns with our broader investment strategy to capitalize on illiquidity premiums and deliver solid risk-adjusted returns to investors. Given the evident imbalance between supply and demand in the secondary market, we are highly enthusiastic about this new fund in collaboration with Partners Group.”
“We expect a growing number of LPs will use the secondary market as a portfolio management tool for their private credit investments, particularly as the market becomes deeper,” said Partners Group managing director for private credit Henri Lusa.
Read more: Generali Investments buys majority stake in MCG for $320m
