Pantheon Raises $2.2 Billion for Opportunistic Credit Secondaries Program

Pantheon has raised $2.2 billion for its third opportunistic credit secondaries program, exceeding initial targets by 2.5x. The program targets diversified secondary investments in portfolios managed by leading private credit GPs, aiming for attractive absolute and risk-adjusted returns. The strategy capitalizes on increasing liquidity needs, market dislocations, and structural inefficiencies across the private credit landscape.

Pantheon, a leading global private markets investor, has successfully closed its third opportunistic credit secondaries program (PCO III) with total commitments of approximately $2.2 billion, exceeding initial targets by over 2.5x [3]. The program targets diversified secondary investments in portfolios managed by leading private credit general partners (GPs), aiming for attractive absolute and risk-adjusted returns.

The strategy capitalizes on increasing liquidity needs, market dislocations, and structural inefficiencies across the private credit landscape. PCO III is a core offering within Pantheon’s integrated private credit secondaries platform, which includes dedicated pools of capital for U.S. and European senior private credit as well as opportunistic credit. This structure, combined with a solutions-focused partnership approach with GPs and limited partners (LPs) and a credit-first underwriting philosophy, enables selective capital deployment while offering investors targeted exposure to distinct strategies and diversified portfolios.

In April 2025, Pantheon raised $5.2 billion for its third senior credit secondaries program (PSD III), which targets portfolios of senior secured, floating rate, primarily sponsor-backed investments across LP interests and GP solutions opportunities. PCO III continues supporting this growth trajectory, offering investors access to a broad and diversified range of credit strategies and investments.

Strong investor interest across geographies and channels, including institutional, insurance, and a wide range of private wealth investors, has driven the success of PCO III. The close of this program brings the total commitments for the third generation of Pantheon’s senior and opportunistic credit fundraising programs to $8.3 billion [3].

References:
[1] https://www.globenewswire.com/news-release/2025/07/16/3116144/0/en/Q1-Trading-Statement-for-the-three-months-ended-30-June-2025.html
[2] https://www.stocktitan.net/news/NXRT/nex-point-residential-trust-inc-completes-refinancing-of-corporate-pd6433bvdjra.html
[3] https://www.businesswire.com/news/home/20250715202024/en/Pantheon-Raises-%242.2-Billion-for-Third-Opportunistic-Credit-Secondaries-Program