Generali Investments and Partners Group have teamed up to launch a new Private Credit Secondaries Fund, targeting global secondary transactions in the fast-growing $1.6tn private credit market.

The fund is structured as a Luxembourg Reserved Alternative Investment Fund (RAIF) and holds Article 8 classification under the EU’s SFDR regime.

Designed for professional investors in Europe, the Middle East, and Asia, the vehicle aims to provide institutional clients with enhanced access to private credit secondaries at a time when limited partners are increasingly seeking liquidity and rebalancing solutions.

“This focus on alternative asset classes aligns with our broader investment strategy to capitalise on illiquidity premiums and deliver solid risk-adjusted returns to investors,” said Marco Zanuso, Global Head of Sales and Marketing at Generali Investments.

Henri Lusa, Managing Director for Private Credit at Partners Group, added, “We expect a growing number of LPs will use the secondary market as a portfolio management tool for their private credit investments, particularly as the market becomes deeper.”

The launch comes amid accelerating adoption of private credit secondaries as investors diversify beyond traditional fund commitments. Partners Group and Generali see the fund as well positioned to benefit from this shift, underpinned by strong secondary market deal flow and a widening supply-demand gap..

Source: Alternative Credit Investor