The firm will offer liquidity solutions to institutional LPs and GPs, with a focus on credit strategies.
The Nordic investment bank added Nick Kavanagh, who brings over 15 years of experience across private equity secondaries, direct investments, and GP-led transactions.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
Applicants must have advised on at least $10 billion in committed capital across private equity funds, secondaries, and co-investments.
The open-ended evergreen fund will give institutional and private wealth investors access to direct lending, credit secondaries, fund finance, and other income strategies.
PIMCO Private Income Fund targets performing private credit across hard assets, financial assets, and corporate credit, including through secondaries.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The new offering, Sponsor Capital Solutions, will be led by Justin Garrod, who joins as Managing Director.
The new offering gives GPs a structured way to create investor liquidity with greater transparency on buyer selection, pricing, and timing, according to the private credit-focused firm.
"Private credit will never trade like public markets, but investors deserve better tools than 'lock it up and wait," said Nelson Chu, Founder and CEO of Percent.
