Partners Group's $1B Next Generation Infrastructure fund goes live on Pendle as NGI+, offering onchain fixed yield access.
DeFi & Yields ·
Partners Group's Next Generation Infrastructure strategy has launched on Pendle as NGI+, providing access to a $1 billion fund through onchain fixed yield instruments. The product enables investors to lock in predictable returns on the infrastructure strategy via tokenized yield markets rather than relying on variable rate yields alone.
Pendle operates as a yield tokenization platform that separates yield-bearing assets into tradable fixed and variable income tokens, allowing users to either secure predetermined returns or speculate on future yield movements. By converting a traditional infrastructure fund into onchain tokens, NGI+ bridges institutional capital strategies with decentralized finance infrastructure, letting participants access the fund's returns through liquid, composable yield markets rather than conventional fund structures.
The deployment represents a test of institutional asset tokenization on Pendle's infrastructure. Whether additional Partners Group strategies or competing asset managers will follow with similar onchain offerings, and how regulatory frameworks governing tokenized fund access will evolve, remain open questions.