– Pantheon announced the close of $5.2 billion for Pantheon Senior Debt III (PSD III) and related vehicles.
– The fundraise includes closed-end co-mingled funds, evergreen and rated insurance vehicles, and separately managed accounts.
– PSD III was oversubscribed, surpassing prior fundraises and demonstrating strong investor confidence.
– Focuses on senior secured, floating rate, primarily sponsor-backed investments across LP interests and GP solutions.
– Emphasizes a credit-first, yield-oriented investment approach with global diversification.
– Complements Pantheon’s broader private credit secondary strategies and regional mandates.
– Represents one of the largest pools of credit secondary capital raised to date.
– Backed by over 95 GP relationships worldwide and a track record of leading multi-billion-dollar continuation fund transactions.
– Strong investor support includes growing interest from insurance clients due to capital efficiency and return consistency.
– Pantheon continues to reinforce its leadership in private credit with disciplined execution and innovation across channels.
– Rakesh Jain, Portfolio Manager & Global Head of Private Credit: “The continued growth and range of opportunities in private credit secondary solutions are among the most robust we have seen. This fundraise creates one of the largest dedicated pools of credit secondary capital in the industry to date.”
– Toni Vainio, Portfolio Manager & Partner: “We are grateful for the support we received from new and existing investors. We are particularly pleased with our accelerating presence in the insurance channel.”
