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Laxman Pai, Opalesque Asia: Global private markets specialist Pantheon closed its latest private credit secondary offering, Pantheon Credit Opportunities Fund II program (PCO II), having secured $590m in commitments from investors, exceeding the initial target size.
The specialist private markets investor said in a media release that the private credit strategy launched in 2018 and, following this closing, has raised approximately $3bn in capital dedicated to private credit secondaries, positioning the firm as one of the largest and most experienced investors in this rapidly growing segment of private credit.
PCO II follows the above-target close of our senior credit-focused Pantheon Senior Debt II USD program (PSD II USD) in 2022, it said.
According to the release, Pantheon's private credit secondaries programs invest across the full spectrum of private credit strategies and asset types, incorporating both LP- and GP-initiated liquidity solutions on behalf of a growing base of institutional and private wealth clients in Europe, the US, and Asia.
"Our client offerings include a range of dedicated funds and bespoke separate accounts, targeting opportunities across both North America and Europe. Our private credit strategy manages or advises on a total of approximately $6.4bn of assets in credit secondaries, co-investments, and primary funds, with 65 GP relationships globally," it said.
PCO II seeks secondary investments in high-quality credit portfolios...................... To view our full article Click here
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