"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.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The platform combines transaction-based pricing, cap-table data, source documents, and waterfall analysis across more than $5 trillion of private companies.
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.
The credit secondary market more than doubled in volume YoY in H1, already surpassing the record deal flow for all of 2025.
The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
The firm will offer liquidity solutions to institutional LPs and GPs, with a focus on credit strategies.
