Lincoln Financial, the insurance and retirement solutions provider, has launched a new royalty evergreen fund for individual investors in the US.
The Lincoln Partners Group Royalty Fund has been developed with Partners Group, providing access to the private markets asset manager’s cross-sector royalty strategy in the evergreen space.
It invests across several key sectors, including pharmaceuticals, music, media and entertainment, and energy transition.
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It uses a variety of investment structures, such as the purchase of existing royalties, the creation of new royalties, and lending against royalties.
Partners Group has made 15 royalties investments in the last 12 months.
“We are very excited to partner with Lincoln Financial to make this innovative solution available to individual investors across the US,” said Adam Howarth, partner, co-head portfolio management at Partners Group.
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“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.”
The two companies previously announced their strategic partnership to launch private market funds in March 2025. They plan to begin marketing the fund and providing education for individual investors and financial professionals.
“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,” said Ellen Cooper, chairman, president and chief executive of Lincoln Financial.
Partners Group has over $174bn (£130.2bn) in assets under management across private equity, private credit, infrastructure, real estate, and royalties.
It launched an evergreen royalties fund for investors in Europe, the Middle East and Asia earlier this year with a minimum investment of $10,000.
