Private credit ·
Bridgepoint Credit moves €1.2bn of 2017-vintage direct loans into a Pantheon-led continuation vehicle
The vehicle acquires about €1.2bn of commitments from Bridgepoint Direct Lending II, weighted to senior secured healthcare, services and technology credits; LPs could exit or roll. The same day Bloomberg reported PennantPark raised $745m for a Pantheon-led credit continuation fund.
Why it matters for deal teams: GP-led credit secondaries are now a normal exit for old direct-lending funds. Buyers need loan-level pricing tapes fast; LPs need a fair-price check.
Source: Pantheon (press release) ↗