Pantheon has launched a brand new non-public credit score secondaries-focused evergreen fund for US non-public wealth buyers.
The second iteration of the AMG Pantheon Credit score Options Fund (P-SECC) follows the launch of the preliminary P-SECC fund in October 2023.
It has greater than $435m (£344.59m) in property below administration and shall be obtainable for buy through the fourth quarter of the 12 months.
The fund has been designed to draw non-public wealth buyers within the US, providing “first-of-its-kind entry” to personal credit score secondaries in an evergreen interval fund construction.
It should present US buyers with publicity to a diversified non-public credit score secondaries portfolio targeted totally on senior debt investments sourced via Pantheon’s international non-public credit score platform, the asset supervisor mentioned.
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“The launch of P-SECC represents a big milestone in increasing our non-public wealth choices with a differentiated answer targeted on the rising non-public credit score secondaries market,” mentioned Michael Hutten, accomplice and head of US non-public wealth at Pantheon.
“By leveraging our in depth expertise and sturdy platform, we will supply a singular funding alternative targeted on addressing non-public wealth buyers’ considerations round inflation, rates of interest, credit score defaults and the continued want for enhanced revenue.”
The fund has been developed alongside international asset supervisor AMG.
Pantheon launched the market’s first devoted non-public credit score secondaries fund in 2018. Since then, it has dedicated roughly $6bn and raised greater than $8bn from a spread of institutional and personal wealth buyers.
Learn extra: Non-public credit score secondaries grow to be extra well-liked, paving manner for GP-led offers