Pantheon Global Credit Secondaries Fund (PGCS)

Pantheon Global Credit Secondaries Fund (PGCS) is an open-ended private debt vehicle managed by Pantheon, launched in 2025 and domiciled in Luxembourg as a SICAV operating under the UCI Part II framework. As a Non-ELTIF structure, it falls outside the ELTIF regime (N/A), and is distributed on a pan-European basis to professional investors. Its secondaries mandate means exposure is built primarily through purchases of existing private credit fund interests and portfolios rather than through primary origination, which shapes both the deployment profile and the timing of underlying cash flows.

The vehicle is denominated in USD and sets a minimum commitment of 1,000,000 USD, positioning it for institutional and professional allocators rather than wealth-channel tickets. Dealing mechanics follow an evergreen pattern: subscriptions are accepted monthly, net asset value is struck monthly, and redemptions are processed quarterly subject to a notice period of 30 and an initial soft lock-up on newly subscribed shares. Investors should read the quarterly redemption window alongside the secondaries strategy, since liquidity provided at the fund level is not matched by the underlying assets and remains subject to the manager's discretion and any gating provisions. Reported fee terms comprise a management fee and a performance fee, both benchmarked in our database against peers in the same asset class.

Within the Novantigo universe of 494 vehicles, Pantheon Global Credit Secondaries Fund (PGCS) is one of 148 private debt funds, one of 347 domiciled in Luxembourg, and one of 108 sitting at the intersection of both — a cohort in which open-ended secondaries mandates remain a narrower subset. Fund size is recorded as , with the direction of travel since launch shown as . Figures and terms reflect data as of 31 Aug 2026.