Lincoln National (LNC) said Wednesday it has teamed up with Bain Capital and Partners Group to launch two new funds focused on private markets.

The partnership with Bain Capital will provide access to an evergreen fund with a portfolio of private credit investments such as direct lending, asset-based finance, and structured credit, while the collaboration with Partners Group will offer an evergreen fund with a cross-sector private markets portfolio, Lincoln said.

Lincoln said the offerings will be available late in the year.