Partners Group closes second rated feeder vehicle of 2026 for its private credit evergreen strategy

• The second vehicle raised USD 510 million of capital, adding to the USD 365 million that was raised in January
• Rated feeders are a bespoke solution that provide institutional investors with a way to benefit from immediate capital efficiency
• Partners Group's private credit evergreen strategy invests in global direct lending opportunities globally

Partners Group, one of the largest firms in the global private markets industry, has closed its second rated feeder vehicle of 2026 for its private credit evergreen strategy. Following this, the firm has now raised USD 875 million in total through rated feeders.

The second rated feeder raised USD 510 million from a group of US based insurance companies. These insurers invested in the vehicle's investment grade and junior notes, with some also investing in the equity. This adds to the USD 365 million that Partners Group raised in January through a separate financing partnership.

The specialized rated feeders that Partners Group has structured enable insurers to access attractive private markets returns whilst benefiting from immediate capital efficiency, due to the fully paid-in nature of evergreen funds, as well as reduced capital charges.

Partners Group's private credit evergreen strategy focuses on senior direct lending opportunities across non‑cyclical industries in developed markets globally. Launched in 2016, the strategy has one of the longest track records for private credit evergreen funds.

Nicholas Hegarty, Co-Head Client Solutions Americas, Partners Group, says: "Our insurance solutions continue to deliver meaningful benefits for our clients. We're excited about the near-term opportunity as we progress the creation of additional vehicles aiming to achieve the dual objectives of capital efficiency and investment returns." 

Andrew Bellis, Global Head Private Credit, Partners Group, adds: "These financings are a testament to the strength of our global private credit platform, which has an investment track spanning over 20 years. Our evergreen strategy enables our clients to gain immediate exposure to a highly diversified global portfolio of private credit."