News & Insights

Credit secondaries pipeline

News & Analysis

Credit secondaries pipeline

Synne Johnsson29 Sept 2026 | Europe, US | 3 minute read

9fin’s inaugural credit secondaries pipeline tracks ongoing and completed secondaries deals, as well as any relevant fundraises and fund closes.

Ongoing

Partners Group

Partners group is exploring an €800m credit continuation vehicle for its loans from the 2018 and 2020 Private Markets Credit Strategies funds, as well as the fifth, sixth and seventh funds in the firm’s Multi-Asset Credit strategy.

BlackRock TCP Capital Corporation

BlackRock is attempting to sell the remainder of its TCPC portfolio.

Loans valued at around $671m are up for grabs at TCPC, with Keefe,Bruyette & Woods advising on options for BlackRock’s flagship public BDC. This follows agreeing to sell around $523m of the portfolio to Pantheon at 95% of gross fair value on 31 December 2025 earlier in August.

Jefferies Credit Partners

Jefferiesis seeking to raise around €1bn for a new private credit continuation vehicle.

The vehicle is seeded with loans from Jefferies’ balance sheet that are, on average, around a year old. The transaction requires investors to also commit capital to the firm’s $4bn European institutional direct lending strategy

It will comprise around €500m of equity and €500m of leverage, with Jefferies advising on the transaction.

The CV will operate on an evergreen basis,...

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