Macfarlanes has advised Partners Group on the launch of its first private credit focussed LTAF, the Partners Group Generations Private Credit LTAF.
Partners Group has launched its LTAF umbrella, the Partners Group Long Term Asset Funds, which will house future private market strategies, and includes its first private credit focussed LTAF sub-fund, the Partners Group Generations Private Credit LTAF. The umbrella and first sub-fund received regulatory approval from the Financial Conduct Authority at the end of January 2025.
The Partners Group Generations Private Credit LTAF is designed to offer defined contribution (DC) pension scheme members access to a diverse range of private credit investment opportunities. Partners Group believes there is a placefor a pure private credit allocation in DC portfolios, particularly in the mid-growth and decumulation phases, given the defensive nature of the asset class, contractual income and floating-rate exposure the strategy provides.
Partners Group is one of the largest firms in the global private markets industry with over $150bn in assets under management.
The Macfarlanes team was led by Investment Management Partner Lora Froud with assistance from Investment Management Associate Katie Darwin. Tax advice was provided by Partner Sarah Shucksmith and Associate Alec Siegert.