Pantheon has bolstered its evergreen fund vary for buyers exterior the US with the launch of a credit score secondaries technique.
The Pantheon International Secondaries fund is the seventh addition to the agency’s personal wealth platform. It is going to be out there in over 20 international locations throughout EMEA, Latin America, Apac and Australia.
The fund will put money into restricted associate pursuits and normal associate liquidity options throughout direct lending and opportunistic credit score.
The fund might be along with the asset supervisor’s present $10.6bn (£8bn) world wealth platform, which options two UK funding trusts and a world personal fairness fund launched in 2023.
Pantheon launched the primary credit score secondaries devoted fund again in 2018 and since then has dedicated round $7.9bn to transactions and lift greater than $10.1bn from buyers. Most just lately, its third devoted programme closed at $5.2bn.
Learn extra: Pantheon launches second US evergreen secondaries fund
“We’re happy to offer a gorgeous entry level for diversified world credit score secondaries, a rising and enticing sub-segment of the secondaries market, to buyers within the worldwide wealth channel,” mentioned Toni Vainio, portfolio supervisor and head of European personal credit score.
Victor Mayer, head of worldwide personal wealth, added: “We’re excited to increase Pantheon’s specialised semi-liquid experience into personal credit score secondaries. Permitting our buyers to hunt compelling returns and earnings amid price fluctuations and protracted inflation — offering worldwide purchasers with entry to the fast-growing credit score secondaries market at an attractive time of growth.”
Learn extra: Personal credit score secondaries change into extra widespread, paving approach for GP-led offers