The partnership leverages Pantheon's private credit track record, including its ability to deliver flexible and large-scale liquidity solutions.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
AllianzGI's credit secondaries platform seeded JCP's inaugural European direct lending fund with a recently originated private credit portfolio.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
European and UK wealth managers will be able to access and trade Coller's secondaries funds at scale.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
The reported GP-led secondary sale would rank among the largest private credit secondary deals to date.
