Pantheon closes PSD III senior credit secondaries programme at $5.2bn

Pantheon said Jain’s team oversees the sourcing and execution of private credit secondaries transactions for PSD III and related vehicles. The firm’s private credit leadership has been central to building its secondaries platform since its launch.

Expansion of Pantheon’s private credit secondaries platform

Pantheon said it pioneered the private credit secondaries market in 2018 with the launch of its first dedicated fund. Since then, Pantheon has committed approximately $7.9bn to private credit secondaries transactions.

Across its private credit platform, Pantheon has raised over $10.1bn from a mix of institutional and private wealth investors through 8 April. This total includes capital for commingled funds, separately managed accounts and evergreen strategies within private credit.

Pantheon’s private credit platform now spans partnerships with over 95 general partners globally. Earlier disclosures stated that the platform covered more than 90 general partners, indicating continued expansion of Pantheon’s GP network.

Next steps for deployment

Pantheon said capital from PSD III and its related vehicles will be deployed into private credit secondaries opportunities consistent with the programme’s senior secured, floating-rate mandate. The firm’s existing GP relationships and secondaries pipeline will shape the pace and mix of investments from the new programme.