Lincoln Financial Announces Plans to Launch Two New Private Market Funds to Expand Its Solutions Platform
Lincoln Financial (NYSE: LNC) has announced plans to expand into private markets through partnerships with Bain Capital and Partners Group, launching two new private markets-focused funds expected to be available in late 2025.
The first fund, in partnership with Bain Capital, will offer an evergreen portfolio focused on private credit investments, including direct lending, asset-based finance, and structured credit. The second fund, developed with Partners Group, will provide access to a globally varied cross-sector private markets royalty portfolio, targeting sectors like pharmaceuticals, entertainment, energy transition, sports, and brands.
The initiative aims to meet growing demand from individual investors seeking access to private markets' return potential and diversification benefits. To support this expansion, Lincoln has hired industry veteran Tom Morelli to advance distribution efforts for private market funds and other investment solutions.
Lincoln Financial (NYSE: LNC) ha annunciato piani per espandersi nei mercati privati attraverso partnership con Bain Capital e Partners Group, lanciando due nuovi fondi focalizzati sui mercati privati previsti per essere disponibili entro la fine del 2025.
Il primo fondo, in collaborazione con Bain Capital, offrirà un portafoglio evergreen incentrato su investimenti in credito privato, inclusi prestiti diretti, finanziamenti basati su attivi e credito strutturato. Il secondo fondo, sviluppato con Partners Group, fornirà accesso a un portafoglio di royalty nei mercati privati globalmente variegato e trasversale, mirando a settori come farmaceutico, intrattenimento, transizione energetica, sport e marchi.
L'iniziativa mira a soddisfare la crescente domanda da parte degli investitori individuali che cercano accesso al potenziale di rendimento e ai benefici di diversificazione dei mercati privati. Per supportare questa espansione, Lincoln ha assunto il veterano del settore Tom Morelli per avanzare gli sforzi di distribuzione per i fondi di mercato privato e altre soluzioni di investimento.
Lincoln Financial (NYSE: LNC) ha anunciado planes para expandirse en los mercados privados a través de asociaciones con Bain Capital y Partners Group, lanzando dos nuevos fondos enfocados en mercados privados que se espera estén disponibles a finales de 2025.
El primer fondo, en asociación con Bain Capital, ofrecerá un portafolio evergreen centrado en inversiones de crédito privado, incluidos préstamos directos, financiamiento basado en activos y crédito estructurado. El segundo fondo, desarrollado con Partners Group, proporcionará acceso a un portafolio de regalías en mercados privados globalmente variado y de múltiples sectores, apuntando a sectores como farmacéuticos, entretenimiento, transición energética, deportes y marcas.
La iniciativa tiene como objetivo satisfacer la creciente demanda de inversores individuales que buscan acceder al potencial de retorno y los beneficios de diversificación de los mercados privados. Para apoyar esta expansión, Lincoln ha contratado al veterano de la industria Tom Morelli para avanzar en los esfuerzos de distribución de fondos de mercados privados y otras soluciones de inversión.
링컨 파이낸셜 (NYSE: LNC)는 베인 캐피탈 및 파트너스 그룹과의 파트너십을 통해 사모 시장으로의 확장을 발표하며, 2025년 말에 제공될 두 개의 새로운 사모 시장 중심의 펀드를 출시할 예정입니다.
첫 번째 펀드는 베인 캐피탈과 협력하여 사모 신용 투자에 중점을 둔 영구 포트폴리오를 제공하며, 여기에는 직접 대출, 자산 기반 금융 및 구조화 신용이 포함됩니다. 두 번째 펀드는 파트너스 그룹과 함께 개발되어 제약, 엔터테인먼트, 에너지 전환, 스포츠 및 브랜드와 같은 다양한 글로벌 산업 분야에 대한 사모 시장 로열티 포트폴리오에 접근할 수 있도록 합니다.
이 이니셔티브는 사모 시장의 수익 잠재력과 분산 혜택에 접근하고자 하는 개인 투자자들의 증가하는 수요를 충족하는 것을 목표로 합니다. 이 확장을 지원하기 위해 링컨은 사모 시장 펀드 및 기타 투자 솔루션의 배급 노력을 진전시키기 위해 업계 베테랑인 톰 모렐리를 고용했습니다.
Lincoln Financial (NYSE: LNC) a annoncé des projets d'expansion sur les marchés privés grâce à des partenariats avec Bain Capital et Partners Group, lançant deux nouveaux fonds axés sur les marchés privés qui devraient être disponibles fin 2025.
Le premier fonds, en partenariat avec Bain Capital, proposera un portefeuille evergreen axé sur les investissements en crédit privé, y compris les prêts directs, le financement basé sur des actifs et le crédit structuré. Le second fonds, développé avec Partners Group, offrira un accès à un portefeuille de redevances sur les marchés privés, varié à l'échelle mondiale et intersectoriel, ciblant des secteurs tels que la pharmacie, le divertissement, la transition énergétique, le sport et les marques.
Cette initiative vise à répondre à la demande croissante des investisseurs individuels cherchant à accéder au potentiel de rendement et aux avantages de diversification des marchés privés. Pour soutenir cette expansion, Lincoln a engagé le vétéran de l'industrie Tom Morelli pour faire avancer les efforts de distribution des fonds de marché privé et d'autres solutions d'investissement.
Lincoln Financial (NYSE: LNC) hat Pläne angekündigt, in private Märkte durch Partnerschaften mit Bain Capital und Partners Group zu expandieren und zwei neue fonds zu starten, die sich auf private Märkte konzentrieren und voraussichtlich Ende 2025 verfügbar sein werden.
Der erste Fonds, in Partnerschaft mit Bain Capital, wird ein Evergreen-Portfolio anbieten, das sich auf private Kreditinvestitionen konzentriert, einschließlich Direktkrediten, asset-basierten Finanzierungen und strukturiertem Kredit. Der zweite Fonds, der in Zusammenarbeit mit Partners Group entwickelt wurde, wird Zugang zu einem global vielfältigen, branchenübergreifenden Portfolio von privaten Marktroyalties bieten, das Sektoren wie Pharmazie, Unterhaltung, Energiewende, Sport und Marken anvisiert.
Die Initiative zielt darauf ab, der wachsenden Nachfrage von Privatanlegern gerecht zu werden, die Zugang zum Renditepotenzial und den Diversifikationsvorteilen der privaten Märkte suchen. Um diese Expansion zu unterstützen, hat Lincoln den Branchenveteranen Tom Morelli eingestellt, um die Vertriebsbemühungen für private Marktfonds und andere Investitionslösungen voranzutreiben.
- Strategic partnerships with major firms Bain Capital and Partners Group expand product offerings
- Entry into growing private markets industry creates new revenue streams
- Leverages existing distribution network and 120-year track record to reach new markets
- Long wait time until product launch (late 2025) may delay revenue generation
- Entering a competitive market space with established players
Insights
Lincoln Financial's expansion into private markets represents a strategic diversification of its product portfolio and revenue streams. By partnering with established players like Bain Capital and Partners Group, Lincoln is positioning itself to capitalize on growing investor demand for alternative investments while leveraging its existing distribution network.
The first offering with Bain Capital will focus on private credit investments across direct lending, asset-based finance, and structured credit - areas that typically offer higher yields than traditional fixed income in today's market. The second fund with Partners Group will provide access to royalty investments across established sectors (pharmaceuticals, entertainment) and emerging areas (energy transition, sports).
This move allows Lincoln to diversify beyond its traditional insurance and retirement products, potentially creating new fee-based revenue streams. The company is wisely utilizing its extensive distribution capabilities and financial advisor relationships to enter this space without having to build investment expertise from scratch.
While the planned late 2025 launch indicates a measured approach to entering this space, it also means any revenue impact won't materialize in the near term. The success of these offerings will ultimately depend on fund performance, fee structures, and Lincoln's ability to effectively distribute these more complex products to wealth management clients.
The company is partnering with Bain Capital and Partners Group to meet evolving client needs
Jayson Bronchetti, Lincoln Financial
“Powered by industry-leading distribution capabilities, a vast network of strategic partner relationships and a nearly 120-year track record of serving customer needs,
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. With more than 25 years of multi-asset credit investing experience, Bain Capital will leverage its dynamic approach to investing and the deep expertise of its team to source, analyze, and execute compelling opportunities across global debt markets.
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 portfolio,” Bronchetti added. “We are thrilled to leverage our asset management relationships and investment and fund structure expertise to create private market funds for our customers to invest directly into these strategies with Bain Capital and Partners Group.”
“By combining our deep expertise in private markets with Lincoln’s innovative, expansive distribution platform, we can further expand access to private markets for more investors,” said John Wright, Partner and Global Head of Credit at Bain Capital. “We look forward to partnering with an institution that has spent more than a century building a legacy of trust, financial stewardship, and value creation for its clients.”
“We’re excited to extend our long-standing strategic partnership with
Industry veteran Tom Morelli, Investment Distribution, was recently hired to advance Lincoln’s distribution efforts with private market funds and other investment solutions, leveraging
About Lincoln Financial
Lincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2024, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of December 31, 2024, the company has
About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately
About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and over
Registration statements for each of the evergreen funds have been filed with the Securities and Exchange Commission and are available from the EDGAR database on the SEC's website (www.sec.gov). The information in the registration statements is not complete and may be changed. The securities of neither fund may be sold until its registration statement is effective. An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information about each fund will be contained in the fund's final prospectus, which investors should read carefully when available from the EDGAR database on the SEC's website (www.sec.gov). This communication is not an offer to sell the shares of either fund and is not soliciting an offer to buy the shares of either fund in any state where the offer or sale is not permitted.
Bain Capital and Partners Group are not affiliated with Lincoln Financial.
LCN-7737711-031225
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Media
For Lincoln Financial:
Chrissie Dwyer/ Allyson Vento
(856) 520-2105/ (917) 715-6949
Media@lfg.com
For Bain Capital:
Charlyn Lusk / Thomas Conroy
Stanton
clusk@stantonprm.com / tconroy@stantonprm.com
(646) 502-3549 / (646) 502-9006
For Partners Group:
Nicole Dean
Prosek
ndean@prosek.com
(248) 836-8851
Source: Lincoln Financial
FAQ
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