Partners Group Generations Private Credit LTAF

Partners Group Generations Private Credit LTAF is an open-ended vehicle managed by Partners Group, launched in 2025 and domiciled in United Kingdom. It is structured as a LTAF and supervised under the LTAF regime, with an N/A designation reflecting that it sits outside the European long-term fund framework. The portfolio invests in private debt through a direct lending approach, lending directly to borrowers rather than acquiring positions in the syndicated market, and is denominated in GBP. Exposure by region is shown under , which can be compared with the other 148 funds recorded in the same asset class.

Dealing mechanics are built around the semi-liquid evergreen model rather than a drawdown structure. Subscriptions are accepted on a monthly basis and redemptions are also monthly, subject to a notice period of 90 days that gives the manager time to source liquidity from an underlying portfolio of privately held loans. Valuation is struck at a daily frequency, so investors see a continuous price between dealing dates. The stated minimum commitment is 1 GBP GBP, consistent with distribution to a broad domestic investor base through platforms and advised channels, and the summary risk indicator is reported as 4.

Fee terms comprise a management charge and a performance element, both benchmarkable against the 31 funds domiciled in United Kingdom and the 494 vehicles covered overall. Within that universe, the fund is one of only 7 private debt strategies established in United Kingdom, a narrow group that reflects how recently the LTAF structure has been used for private credit distribution.