Partners Group Explored Continuation Vehicle Deal
The firm is weighing a plan to shift €800 million in private credit loans into a new vehicle.
Updated on Sept. 18, 2026 in Corporate Finance
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Partners Group is currently exploring the creation of a continuation vehicle to manage approximately €800 million, or $917 million, in private credit loans. This strategic move aims to extend the holding period for these assets beyond the limits of their original funds.
Why it matters
Continuation vehicles have become a popular tool for private equity and credit firms to maintain control over assets while providing liquidity options for existing investors. This arrangement allows managers to continue generating fees while potentially achieving higher returns by extending the life of high-performing investments.
The potential deal involves a pool of private credit loans valued at €800 million, equivalent to $917 million. This structure is intended to allow the firm to hold these underlying credit assets for a duration longer than originally scheduled.
The players
Partners Group
Partners Group is a global private markets investment manager based in Switzerland that focuses on private equity, private real estate, private infrastructure, and private debt.
The details
By transferring these loans into a dedicated continuation vehicle, Partners Group would effectively purchase the assets from its existing funds. This process facilitates a transition where the firm retains the credit positions while managing them under a new time horizon.
Timeline
The report regarding the potential fund deal was published on September 18, 2026.
Market Dynamics
This move reflects the growing adoption of secondary market structures that allow firms to retain control over mature assets. By leveraging continuation vehicles, asset managers are increasingly bypassing traditional liquidation cycles to better align investment timelines with market conditions.
The shift allows institutional investors to decide whether to cash out or remain invested in the credit portfolio for a longer period. For market participants, it highlights the increasing flexibility within credit funds to manage asset maturity outside of standard fund lifecycles.
The takeaway
Continuation vehicles represent a shift toward longer-term capital management in private debt markets. Investors should monitor how these structures impact total fee arrangements and long-term yield projections within their credit portfolios.
Further reading
For broader trends in asset management, visit our Corporate Finance section.
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