Pantheon Launches Credit Secondaries Fund for US Private Wealth

London-based alternative investment firm Pantheon Ventures has launched an evergreen credit-secondaries fund targeting wealthy individual investors in the US, according to a statement seen by Bloomberg News.

The P-SECC fund received initial funding from seed investors and employees, and currently has about $435 million of assets under management, according to the statement. It’s set to launch this quarter. Investors in the fund will get exposure to a private credit secondaries portfolio focused primarily on senior debt investments sourced through Pantheon’s global private credit platform.

Trading private credit stakes is the latest development in the $1.6 trillion market, and has been ...