Lincoln Financial Launches Private Market Funds

Lincoln Financial is partnering with Bain Capital and Partners Group to launch two new private markets-focused funds. Lincoln expects the new offerings to be available in late 2025.

Bain Capital will partner with Lincoln Financial to provide investors access to an evergreen fund offering focused on a globally varied portfolio of private credit investments, including direct lending, asset-based finance, and structured credit.

Lincoln Financial is partnering with Partners Group to launch an evergreen fund that will provide access to a globally varied cross-sector private markets royalty portfolio. Partners Group will follow a relative value approach to invest across both well-established royalty sectors, such as intellectual property assets in the pharmaceutical and entertainment industries, and emerging high-growth sectors like energy transition, sports, and brands. The fund will look to employ a range of structures, including direct purchases of royalties, creating royalties, and lending against royalties.

“Private market investments have been a staple within the portfolios of institutional and high-net-worth investors for decades. However, in recent years, the demand from individual investors has increased as they seek access to the return potential and diversification benefits that private markets can bring to a well-diversified portfolio,” said Jayson Bronchetti, executive vice president, chief investment officer. “The private market investment strategies we have deployed through our multi-manager framework have enabled us to drive value within our own investment portfolios.”