Investment firm Pantheon gathers $2.2 billion for its third venture in the secondary market for credit opportunities
The private credit secondaries market is witnessing significant growth, with increased demand for liquidity solutions and diversification driving the trend. Large asset managers, including Pantheon, Blackstone, Partners Group, and Generali Investments, are expanding their presence in this sector.
Pantheon, a firm known for its dedicated approach to private credit secondaries, recently closed a new fund targeting senior credit secondaries, Pantheon Senior Debt III. This latest fundraising brings the total raised for the third generation of Pantheon's senior and opportunistic credit fundraising programs to $8.3bn.
Pantheon's third opportunistic credit secondaries program, PCO III, targets a diversified range of credit strategies, focusing on portfolios managed by private credit GPs, spanning senior, junior, asset-backed, and opportunistic credit. The firm's ability to provide creative solutions-oriented partnership capital to GPs and LPs is a key differentiator.
PCO III, managed by an experienced dedicated team, aims to deliver absolute and risk-adjusted returns across the targeted credit strategies. Pantheon Senior Debt III, on the other hand, targets portfolios of senior secured, floating rate, primarily sponsor-backed investments across LP interests and GP solutions opportunities.
The close of PCO III was oversubscribed by two-and-a-half times its target, attracting a range of institutional investors including pension funds, sovereign wealth funds, insurance companies, and private wealth clients, primarily based in North America, Europe, the Middle East, and Asia.
Pantheon's private credit secondaries are entering a new phase of maturity and growth, with consistency in underwriting and execution ensured by the dedicated team managing the credit secondaries strategies. The firm is excited to leverage its flexible mandate and deep sourcing capabilities to identify and execute on the most compelling opportunities.
This latest fundraising underscores Pantheon's commitment to delivering strong outcomes across market cycles, backed by strong alignment and the firm's global reach and longstanding GP relationships. The firm is grateful for the trust of its investors and proud to have built one of the most agile and diversified credit secondary platforms in the market.
Pantheon's latest fundraising for Pantheon Senior Debt III, which totals $8.3bn, signifies a substantial investment in the private credit secondaries market, demonstrating the firm's dedication to finance and investing in this business sector. The oversubscription of PCO III, Pantheon's third opportunistic credit secondaries program, indicates a growing interest from various institutional investors in diversifying their portfolios through investing in this market.
