Pantheon has completed a $3.2 billion private credit continuation vehicle – one of the largest deals of this type completed to date by both fair market value and total limited partner dollar commitments.

Pantheon led and structured the deal for Crescent Capital Group, providing liquidity to existing limited partners and enabling continued management of a diversified portfolio of instruments across 40 sponsor-backed companies.

The continuation vehicle was formed to acquire a mature, high-quality, and diversified portfolio of private credit investments across primarily first-lien and unitranche positions, diversified across industries and backed by a range of US based private equity sponsors.