Lincoln Financial, Partners Group Debut Private Market Fund
Lincoln Financial is formally launching its new private market fund, the Lincoln Partners Group Royalty Fund.
The Lincoln Partners Group Royalty Fund has been developed with Partners Group, a global private markets firm, and is the “first cross-sector private markets royalties evergreen fund available to individual investors in the U.S.,” says Lincoln.
The fund provides access to Partners Group’s cross-sector royalty strategy in the evergreen space. The strategy invests across several sectors, including pharmaceuticals, music, media and entertainment, and energy transition, among others, and utilizes different investment structures, such as the purchase of existing royalties, the creation of new royalties, and lending against royalties. Partners Group is an active investor in royalties, making 15 investments in the last 12 months alone.
“To further Lincoln’s commitment to providing financial protection and security for our customers and their families, we are collaborating with Partners Group, a leading global private markets firm, to deliver a distinctive private markets strategy centered on royalties,” said Ellen Cooper, chairman, president and CEO of Lincoln Financial. “Combining Partners Group’s deep expertise in cross-sector royalty investing with Lincoln’s powerful distribution network and funds management expertise enables us to offer differentiated solutions that help financial professionals guide clients toward long-term financial security.”
“We are very excited to partner with Lincoln Financial to make this innovative solution available to individual investors across the U.S.”, commented Adam Howarth, partner and co-head of Portfolio Management at Partners Group. “The evergreen structure, which is also used by institutions, has several benefits for investors such as providing access to a fully funded portfolio across multiple positions with no capital calls. In addition, our royalties strategy covers numerous sectors and transaction types, offering attractive income potential and true diversification as part of a broader portfolio.”
“Royalties have moved into the spotlight following recent market volatility,” commented Stephen Otter, head of Private Markets Royalties at Partners Group. “The asset class acts as a portfolio diversifier, bridging the benefits of private equity and private credit investments, that can provide stable and attractive yields with an embedded inflation hedge and low correlation to other markets. Given the structuring expertise we have around the creation of royalties over assets and companies, we see significant runway for growth across the asset class.”
The companies previously announced their strategic partnership to launch private market funds in March 2025. Lincoln Financial and Partners Group plan to begin marketing the fund and providing education for individual investors and financial professionals. The fund will be distributed by Lincoln Financial Distributors, the wholesale distribution organization of Lincoln Financial.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
