Generali Investments and Partners Group plan $1 billion credit secondaries fund - Bloomberg

Investing.com -- Generali (BIT:GASI) Investments Holding SpA, an asset management firm, and Partners Group, an investment firm, are collaborating to launch a private credit secondaries fund. This information comes from a statement that was seen and reported on by Bloomberg News.

The private credit secondary market, a place where limited partners can sell their stakes to other institutional investors, is relatively new but growing quickly. This market has already been the platform for several large deals.

The fund’s goal is to raise approximately $1 billion, according to Bloomberg, citing a source familiar with the situation. The fund will be open to institutional investors located in Europe, the Middle East, and Asia.

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