Partners Group has launched a new global multi-sector private credit income strategy. It will be accessible to both institutional and private wealth investors globally through an open-ended evergreen vehicle. The strategy is targeting high single to low double-digit returns, with returns largely generated through income, according to a statement by the firm.

The strategy aims to generate income through a global portfolio of investments that includes senior direct lending, credit secondaries, fund financing, royalties, opportunistic credit, and liquid credit, with a focus on developed markets across Europe, North America, and Asia-Pacific.

This diversified approach is intended to create natural offsets across the strategy’s portfolio. For example, when there is a fall in direct lending opportunities due to slower M&A markets, the strategy can pivot towards credit secondaries or NAV financing where there is likely to be more activity as LPs and GPs seek liquidity solutions, the firm said.

Partners Group’s private credit business launched the strategy in response to growing investor demand, particularly in Asia, for investments that have high yields and stable income profiles.

Andrew Bellis, global head of private credit, Partners Group, said: “As private credit markets continue to grow in scale and maturity, the opportunity to combine complementary income-generating strategies has increased. The strategy provides this exposure whilst capitalizing on differences in sectors, market structures, and lending dynamics across regions. The result is a diversified portfolio that can generate enhanced returns.”