Cresset Partners has launched the Cresset Partners Private Credit Fund, an evergreen vehicle that will invest in a diversified portfolio of private senior secured loans, among other private credit opportunities.

Cresset Partners has launched the Cresset Partners Private Credit Fund, an evergreen vehicle that will invest in a diversified portfolio of private senior secured loans, among other private credit opportunities.

The fund will focus on predominantly US middle-market borrowers with EBITDAs between $10 million and $100 million.

Cresset has partnered with experienced credit managers to invest through customised vehicles and joint ventures to create what it says is a highly diversified portfolio of senior secured loans that provide a "natural and effective hedge against inflation and rising interest rates" due to the floating-rate coupons that are typically associated with private loans.