The firm launched a dedicated credit secondary strategy around this time last year and has reportedly deployed around $500 million across five deals.
AllianzGI's credit secondaries platform seeded JCP's inaugural European direct lending fund with a recently originated private credit portfolio.
PGIM, reinvesting LPs, and PennantPark also invested in the oversubscribed vehicle for a mature portfolio of private credit investments.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
We examine the Q2 capital flows, investment activity, and performance of the secondaries-focused interval fund, leveraging EvergreenLink Data.
Founded in 2007, PennantPark is a mid-market-focused private credit manager with around $10 billion in AUM.
