diff --git a/actionview/lib/action_view.rb b/actionview/lib/action_view.rb
index 497e0d43c9..a7876e4cfa 100644
--- a/actionview/lib/action_view.rb
+++ b/actionview/lib/action_view.rb
@@ -51,6 +51,8 @@ module ActionView
       autoload :Renderer
       autoload :AbstractRenderer
       autoload :PartialRenderer
+      autoload :CollectionRenderer
+      autoload :ObjectRenderer
       autoload :TemplateRenderer
       autoload :StreamingTemplateRenderer
     end
diff --git a/actionview/lib/action_view/renderer/abstract_renderer.rb b/actionview/lib/action_view/renderer/abstract_renderer.rb
index 3738ac8c26..797f23b092 100644
--- a/actionview/lib/action_view/renderer/abstract_renderer.rb
+++ b/actionview/lib/action_view/renderer/abstract_renderer.rb
@@ -1,5 +1,7 @@
 # frozen_string_literal: true
 
+require "concurrent/map"
+
 module ActionView
   # This class defines the interface for a renderer. Each class that
   # subclasses +AbstractRenderer+ is used by the base +Renderer+ class to
@@ -27,6 +29,86 @@ module ActionView
       raise NotImplementedError
     end
 
+    module ObjectRendering # :nodoc:
+      PREFIXED_PARTIAL_NAMES = Concurrent::Map.new do |h, k|
+        h[k] = Concurrent::Map.new
+      end
+
+      def initialize(lookup_context, options)
+        super
+        @context_prefix = lookup_context.prefixes.first
+      end
+
+      private
+        def local_variable(path)
+          if as = @options[:as]
+            raise_invalid_option_as(as) unless /\A[a-z_]\w*\z/.match?(as.to_s)
+            as.to_sym
+          else
+            begin
+              base = path[-1] == "/" ? "" : File.basename(path)
+              raise_invalid_identifier(path) unless base =~ /\A_?(.*?)(?:\.\w+)*\z/
+              $1.to_sym
+            end
+          end
+        end
+
+        IDENTIFIER_ERROR_MESSAGE = "The partial name (%s) is not a valid Ruby identifier; " \
+                                   "make sure your partial name starts with underscore."
+
+        OPTION_AS_ERROR_MESSAGE  = "The value (%s) of the option `as` is not a valid Ruby identifier; " \
+                                   "make sure it starts with lowercase letter, " \
+                                   "and is followed by any combination of letters, numbers and underscores."
+
+        def raise_invalid_identifier(path)
+          raise ArgumentError, IDENTIFIER_ERROR_MESSAGE % path
+        end
+
+        def raise_invalid_option_as(as)
+          raise ArgumentError, OPTION_AS_ERROR_MESSAGE % as
+        end
+
+        # Obtains the path to where the object's partial is located. If the object
+        # responds to +to_partial_path+, then +to_partial_path+ will be called and
+        # will provide the path. If the object does not respond to +to_partial_path+,
+        # then an +ArgumentError+ is raised.
+        #
+        # If +prefix_partial_path_with_controller_namespace+ is true, then this
+        # method will prefix the partial paths with a namespace.
+        def partial_path(object, view)
+          object = object.to_model if object.respond_to?(:to_model)
+
+          path = if object.respond_to?(:to_partial_path)
+            object.to_partial_path
+          else
+            raise ArgumentError.new("'#{object.inspect}' is not an ActiveModel-compatible object. It must implement :to_partial_path.")
+          end
+
+          if view.prefix_partial_path_with_controller_namespace
+            PREFIXED_PARTIAL_NAMES[@context_prefix][path] ||= merge_prefix_into_object_path(@context_prefix, path.dup)
+          else
+            path
+          end
+        end
+
+        def merge_prefix_into_object_path(prefix, object_path)
+          if prefix.include?(?/) && object_path.include?(?/)
+            prefixes = []
+            prefix_array = File.dirname(prefix).split("/")
+            object_path_array = object_path.split("/")[0..-3] # skip model dir & partial
+
+            prefix_array.each_with_index do |dir, index|
+              break if dir == object_path_array[index]
+              prefixes << dir
+            end
+
+            (prefixes << object_path).join("/")
+          else
+            object_path
+          end
+        end
+    end
+
     class RenderedCollection # :nodoc:
       def self.empty(format)
         EmptyCollection.new format
@@ -74,12 +156,18 @@ module ActionView
     end
 
     private
+      NO_DETAILS = {}.freeze
+
       def extract_details(options) # :doc:
-        @lookup_context.registered_details.each_with_object({}) do |key, details|
+        details = nil
+        @lookup_context.registered_details.each do |key|
           value = options[key]
 
-          details[key] = Array(value) if value
+          if value
+            (details ||= {})[key] = Array(value)
+          end
         end
+        details || NO_DETAILS
       end
 
       def instrument(name, **options) # :doc:
diff --git a/actionview/lib/action_view/renderer/collection_renderer.rb b/actionview/lib/action_view/renderer/collection_renderer.rb
new file mode 100644
index 0000000000..c5f69e83d0
--- /dev/null
+++ b/actionview/lib/action_view/renderer/collection_renderer.rb
@@ -0,0 +1,188 @@
+# frozen_string_literal: true
+
+require "action_view/renderer/partial_renderer"
+
+module ActionView
+  class PartialIteration
+    # The number of iterations that will be done by the partial.
+    attr_reader :size
+
+    # The current iteration of the partial.
+    attr_reader :index
+
+    def initialize(size)
+      @size  = size
+      @index = 0
+    end
+
+    # Check if this is the first iteration of the partial.
+    def first?
+      index == 0
+    end
+
+    # Check if this is the last iteration of the partial.
+    def last?
+      index == size - 1
+    end
+
+    def iterate! # :nodoc:
+      @index += 1
+    end
+  end
+
+  class CollectionRenderer < PartialRenderer # :nodoc:
+    include ObjectRendering
+
+    class CollectionIterator # :nodoc:
+      include Enumerable
+
+      def initialize(collection)
+        @collection = collection
+      end
+
+      def each(&blk)
+        @collection.each(&blk)
+      end
+
+      def size
+        @collection.size
+      end
+    end
+
+    class SameCollectionIterator < CollectionIterator # :nodoc:
+      def initialize(collection, path, variables)
+        super(collection)
+        @path      = path
+        @variables = variables
+      end
+
+      def from_collection(collection)
+        self.class.new(collection, @path, @variables)
+      end
+
+      def each_with_info
+        return enum_for(:each_with_info) unless block_given?
+        variables = [@path] + @variables
+        @collection.each { |o| yield(o, variables) }
+      end
+    end
+
+    class PreloadCollectionIterator < SameCollectionIterator # :nodoc:
+      def initialize(collection, path, variables, relation)
+        super(collection, path, variables)
+        relation.skip_preloading! unless relation.loaded?
+        @relation = relation
+      end
+
+      def from_collection(collection)
+        self.class.new(collection, @path, @variables, @relation)
+      end
+
+      def each_with_info
+        return super unless block_given?
+        @relation.preload_associations(@collection)
+        super
+      end
+    end
+
+    class MixedCollectionIterator < CollectionIterator # :nodoc:
+      def initialize(collection, paths)
+        super(collection)
+        @paths = paths
+      end
+
+      def each_with_info
+        return enum_for(:each_with_info) unless block_given?
+        @collection.each_with_index { |o, i| yield(o, @paths[i]) }
+      end
+    end
+
+    def render_collection_with_partial(collection, partial, context, block)
+      iter_vars  = retrieve_variable(partial)
+
+      collection = if collection.respond_to?(:preload_associations)
+        PreloadCollectionIterator.new(collection, partial, iter_vars, collection)
+      else
+        SameCollectionIterator.new(collection, partial, iter_vars)
+      end
+
+
+      template = find_template(partial, @locals.keys + iter_vars)
+
+      layout = if !block && (layout = @options[:layout])
+        find_template(layout.to_s, @locals.keys + iter_vars)
+      end
+
+      render_collection(collection, context, partial, template, layout, block)
+    end
+
+    def render_collection_derive_partial(collection, context, block)
+      paths = collection.map { |o| partial_path(o, context) }
+
+      if paths.uniq.length == 1
+        # Homogeneous
+        render_collection_with_partial(collection, paths.first, context, block)
+      else
+        if @options[:cached]
+          raise NotImplementedError, "render caching requires a template. Please specify a partial when rendering"
+        end
+
+        paths.map! { |path| retrieve_variable(path).unshift(path) }
+        collection = MixedCollectionIterator.new(collection, paths)
+        render_collection(collection, context, nil, nil, nil, block)
+      end
+    end
+
+    private
+      def retrieve_variable(path)
+        variable = local_variable(path)
+        [variable, :"#{variable}_counter", :"#{variable}_iteration"]
+      end
+
+      def render_collection(collection, view, path, template, layout, block)
+        identifier = (template && template.identifier) || path
+        instrument(:collection, identifier: identifier, count: collection.size) do |payload|
+          spacer = if @options.key?(:spacer_template)
+            spacer_template = find_template(@options[:spacer_template], @locals.keys)
+            build_rendered_template(spacer_template.render(view, @locals), spacer_template)
+          else
+            RenderedTemplate::EMPTY_SPACER
+          end
+
+          collection_body = if template
+            cache_collection_render(payload, view, template, collection) do |filtered_collection|
+              collection_with_template(view, template, layout, filtered_collection)
+            end
+          else
+            collection_with_template(view, nil, layout, collection)
+          end
+
+          return RenderedCollection.empty(@lookup_context.formats.first) if collection_body.empty?
+
+          build_rendered_collection(collection_body, spacer)
+        end
+      end
+
+      def collection_with_template(view, template, layout, collection)
+        locals = @locals
+        cache = {}
+
+        partial_iteration = PartialIteration.new(collection.size)
+
+        collection.each_with_info.map do |object, (path, as, counter, iteration)|
+          index = partial_iteration.index
+
+          locals[as]        = object
+          locals[counter]   = index
+          locals[iteration] = partial_iteration
+
+          _template = (cache[path] ||= (template || find_template(path, @locals.keys + [as, counter, iteration])))
+
+          content = _template.render(view, locals)
+          content = layout.render(view, locals) { content } if layout
+          partial_iteration.iterate!
+          build_rendered_template(content, _template)
+        end
+      end
+  end
+end
diff --git a/actionview/lib/action_view/renderer/object_renderer.rb b/actionview/lib/action_view/renderer/object_renderer.rb
new file mode 100644
index 0000000000..12c5bb59dc
--- /dev/null
+++ b/actionview/lib/action_view/renderer/object_renderer.rb
@@ -0,0 +1,34 @@
+# frozen_string_literal: true
+
+module ActionView
+  class ObjectRenderer < PartialRenderer # :nodoc:
+    include ObjectRendering
+
+    def initialize(lookup_context, options)
+      super
+      @object     = nil
+      @local_name = nil
+    end
+
+    def render_object_with_partial(object, partial, context, block)
+      @object     = object
+      @local_name = local_variable(partial)
+      render(partial, context, block)
+    end
+
+    def render_object_derive_partial(object, context, block)
+      path = partial_path(object, context)
+      render_object_with_partial(object, path, context, block)
+    end
+
+    private
+      def template_keys(path)
+        super + [@local_name]
+      end
+
+      def render_partial_template(view, locals, template, layout, block)
+        locals[@local_name || template.variable] = @object
+        super(view, locals, template, layout, block)
+      end
+  end
+end
diff --git a/actionview/lib/action_view/renderer/partial_renderer.rb b/actionview/lib/action_view/renderer/partial_renderer.rb
index b008b1fdd2..5a3af00454 100644
--- a/actionview/lib/action_view/renderer/partial_renderer.rb
+++ b/actionview/lib/action_view/renderer/partial_renderer.rb
@@ -1,36 +1,8 @@
 # frozen_string_literal: true
 
-require "concurrent/map"
 require "action_view/renderer/partial_renderer/collection_caching"
 
 module ActionView
-  class PartialIteration
-    # The number of iterations that will be done by the partial.
-    attr_reader :size
-
-    # The current iteration of the partial.
-    attr_reader :index
-
-    def initialize(size)
-      @size  = size
-      @index = 0
-    end
-
-    # Check if this is the first iteration of the partial.
-    def first?
-      index == 0
-    end
-
-    # Check if this is the last iteration of the partial.
-    def last?
-      index == size - 1
-    end
-
-    def iterate! # :nodoc:
-      @index += 1
-    end
-  end
-
   # = Action View Partials
   #
   # There's also a convenience method for rendering sub templates within the current controller that depends on a
@@ -282,78 +254,30 @@ module ActionView
   class PartialRenderer < AbstractRenderer
     include CollectionCaching
 
-    PREFIXED_PARTIAL_NAMES = Concurrent::Map.new do |h, k|
-      h[k] = Concurrent::Map.new
+    def initialize(lookup_context, options)
+      super(lookup_context)
+      @options = options
+      @locals  = @options[:locals] || {}
+      @details = extract_details(@options)
     end
 
-    def initialize(*)
-      super
-      @context_prefix = @lookup_context.prefixes.first
-    end
+    def render(partial, context, block)
+      template = find_template(partial, template_keys(partial))
 
-    def render(context, options, block)
-      as = as_variable(options)
-      setup(context, options, as, block)
-
-      if @path
-        if @has_object || @collection
-          @variable, @variable_counter, @variable_iteration = retrieve_variable(@path, as)
-          @template_keys = retrieve_template_keys(@variable)
-        else
-          @template_keys = @locals.keys
-        end
-        template = find_template(@path, @template_keys)
-        @variable ||= template.variable
-      else
-        if options[:cached]
-          raise NotImplementedError, "render caching requires a template. Please specify a partial when rendering"
-        end
-        template = nil
+      if !block && (layout = @options[:layout])
+        layout = find_template(layout.to_s, template_keys(partial))
       end
 
-      if @collection
-        render_collection(context, template)
-      else
-        render_partial(context, template)
-      end
+      render_partial_template(context, @locals, template, layout, block)
     end
 
     private
-      def render_collection(view, template)
-        identifier = (template && template.identifier) || @path
-        instrument(:collection, identifier: identifier, count: @collection.size) do |payload|
-          return RenderedCollection.empty(@lookup_context.formats.first) if @collection.blank?
-
-          spacer = if @options.key?(:spacer_template)
-            spacer_template = find_template(@options[:spacer_template], @locals.keys)
-            build_rendered_template(spacer_template.render(view, @locals), spacer_template)
-          else
-            RenderedTemplate::EMPTY_SPACER
-          end
-
-          collection_body = if template
-            cache_collection_render(payload, view, template) do
-              collection_with_template(view, template)
-            end
-          else
-            collection_without_template(view)
-          end
-          build_rendered_collection(collection_body, spacer)
-        end
+      def template_keys(_)
+        @locals.keys
       end
 
-      def render_partial(view, template)
+      def render_partial_template(view, locals, template, layout, block)
         instrument(:partial, identifier: template.identifier) do |payload|
-          locals, block = @locals, @block
-          object, as = @object, @variable
-
-          if !block && (layout = @options[:layout])
-            layout = find_template(layout.to_s, @template_keys)
-          end
-
-          object = locals[as] if object.nil? # Respect object when object is false
-          locals[as] = object if @has_object
-
           content = template.render(view, locals) do |*name|
             view._layout_for(*name, &block)
           end
@@ -364,195 +288,9 @@ module ActionView
         end
       end
 
-      # Sets up instance variables needed for rendering a partial. This method
-      # finds the options and details and extracts them. The method also contains
-      # logic that handles the type of object passed in as the partial.
-      #
-      # If +options[:partial]+ is a string, then the <tt>@path</tt> instance variable is
-      # set to that string. Otherwise, the +options[:partial]+ object must
-      # respond to +to_partial_path+ in order to set up the path.
-      def setup(context, options, as, block)
-        @options = options
-        @block   = block
-
-        @locals  = options[:locals] || {}
-        @details = extract_details(options)
-
-        partial = options[:partial]
-
-        if String === partial
-          @has_object = options.key?(:object)
-          @object     = options[:object]
-          @collection = collection_from_options
-          @path       = partial
-        else
-          @has_object = true
-          @object = partial
-          @collection = collection_from_object || collection_from_options
-
-          if @collection
-            paths = @collection_data = @collection.map { |o| partial_path(o, context) }
-            if paths.uniq.length == 1
-              @path = paths.first
-            else
-              paths.map! { |path| retrieve_variable(path, as).unshift(path) }
-              @path = nil
-            end
-          else
-            @path = partial_path(@object, context)
-          end
-        end
-
-        self
-      end
-
-      def as_variable(options)
-        if as = options[:as]
-          raise_invalid_option_as(as) unless /\A[a-z_]\w*\z/.match?(as.to_s)
-          as.to_sym
-        end
-      end
-
-      def collection_from_options
-        if @options.key?(:collection)
-          collection = @options[:collection]
-          collection ? collection.to_a : []
-        end
-      end
-
-      def collection_from_object
-        @object.to_ary if @object.respond_to?(:to_ary)
-      end
-
       def find_template(path, locals)
         prefixes = path.include?(?/) ? [] : @lookup_context.prefixes
         @lookup_context.find_template(path, prefixes, true, locals, @details)
       end
-
-      def collection_with_template(view, template)
-        locals = @locals
-        as, counter, iteration = @variable, @variable_counter, @variable_iteration
-
-        if layout = @options[:layout]
-          layout = find_template(layout, @template_keys)
-        end
-
-        partial_iteration = PartialIteration.new(@collection.size)
-        locals[iteration] = partial_iteration
-
-        @collection.map do |object|
-          locals[as]        = object
-          locals[counter]   = partial_iteration.index
-
-          content = template.render(view, locals)
-          content = layout.render(view, locals) { content } if layout
-          partial_iteration.iterate!
-          build_rendered_template(content, template)
-        end
-      end
-
-      def collection_without_template(view)
-        locals, collection_data = @locals, @collection_data
-        cache = {}
-        keys  = @locals.keys
-
-        partial_iteration = PartialIteration.new(@collection.size)
-
-        @collection.map do |object|
-          index = partial_iteration.index
-          path, as, counter, iteration = collection_data[index]
-
-          locals[as]        = object
-          locals[counter]   = index
-          locals[iteration] = partial_iteration
-
-          template = (cache[path] ||= find_template(path, keys + [as, counter, iteration]))
-          content = template.render(view, locals)
-          partial_iteration.iterate!
-          build_rendered_template(content, template)
-        end
-      end
-
-      # Obtains the path to where the object's partial is located. If the object
-      # responds to +to_partial_path+, then +to_partial_path+ will be called and
-      # will provide the path. If the object does not respond to +to_partial_path+,
-      # then an +ArgumentError+ is raised.
-      #
-      # If +prefix_partial_path_with_controller_namespace+ is true, then this
-      # method will prefix the partial paths with a namespace.
-      def partial_path(object, view)
-        object = object.to_model if object.respond_to?(:to_model)
-
-        path = if object.respond_to?(:to_partial_path)
-          object.to_partial_path
-        else
-          raise ArgumentError.new("'#{object.inspect}' is not an ActiveModel-compatible object. It must implement :to_partial_path.")
-        end
-
-        if view.prefix_partial_path_with_controller_namespace
-          prefixed_partial_names[path] ||= merge_prefix_into_object_path(@context_prefix, path.dup)
-        else
-          path
-        end
-      end
-
-      def prefixed_partial_names
-        @prefixed_partial_names ||= PREFIXED_PARTIAL_NAMES[@context_prefix]
-      end
-
-      def merge_prefix_into_object_path(prefix, object_path)
-        if prefix.include?(?/) && object_path.include?(?/)
-          prefixes = []
-          prefix_array = File.dirname(prefix).split("/")
-          object_path_array = object_path.split("/")[0..-3] # skip model dir & partial
-
-          prefix_array.each_with_index do |dir, index|
-            break if dir == object_path_array[index]
-            prefixes << dir
-          end
-
-          (prefixes << object_path).join("/")
-        else
-          object_path
-        end
-      end
-
-      def retrieve_template_keys(variable)
-        keys = @locals.keys
-        keys << variable
-        if @collection
-          keys << @variable_counter
-          keys << @variable_iteration
-        end
-        keys
-      end
-
-      def retrieve_variable(path, as)
-        variable = as || begin
-          base = path[-1] == "/" ? "" : File.basename(path)
-          raise_invalid_identifier(path) unless base =~ /\A_?(.*?)(?:\.\w+)*\z/
-          $1.to_sym
-        end
-        if @collection
-          variable_counter = :"#{variable}_counter"
-          variable_iteration = :"#{variable}_iteration"
-        end
-        [variable, variable_counter, variable_iteration]
-      end
-
-      IDENTIFIER_ERROR_MESSAGE = "The partial name (%s) is not a valid Ruby identifier; " \
-                                 "make sure your partial name starts with underscore."
-
-      OPTION_AS_ERROR_MESSAGE  = "The value (%s) of the option `as` is not a valid Ruby identifier; " \
-                                 "make sure it starts with lowercase letter, " \
-                                 "and is followed by any combination of letters, numbers and underscores."
-
-      def raise_invalid_identifier(path)
-        raise ArgumentError.new(IDENTIFIER_ERROR_MESSAGE % (path))
-      end
-
-      def raise_invalid_option_as(as)
-        raise ArgumentError.new(OPTION_AS_ERROR_MESSAGE % (as))
-      end
   end
 end
diff --git a/actionview/lib/action_view/renderer/partial_renderer/collection_caching.rb b/actionview/lib/action_view/renderer/partial_renderer/collection_caching.rb
index 71458185a6..788d171a90 100644
--- a/actionview/lib/action_view/renderer/partial_renderer/collection_caching.rb
+++ b/actionview/lib/action_view/renderer/partial_renderer/collection_caching.rb
@@ -13,13 +13,19 @@ module ActionView
     end
 
     private
-      def cache_collection_render(instrumentation_payload, view, template)
-        return yield unless @options[:cached] && view.controller.respond_to?(:perform_caching) && view.controller.perform_caching
+      def will_cache?(options, view)
+        options[:cached] && view.controller.respond_to?(:perform_caching) && view.controller.perform_caching
+      end
+
+      def cache_collection_render(instrumentation_payload, view, template, collection)
+        return yield(collection) unless will_cache?(@options, view)
+
+        collection_iterator = collection
 
         # Result is a hash with the key represents the
         # key used for cache lookup and the value is the item
         # on which the partial is being rendered
-        keyed_collection, ordered_keys = collection_by_cache_keys(view, template)
+        keyed_collection, ordered_keys = collection_by_cache_keys(view, template, collection)
 
         # Pull all partials from cache
         # Result is a hash, key matches the entry in
@@ -29,17 +35,9 @@ module ActionView
         instrumentation_payload[:cache_hits] = cached_partials.size
 
         # Extract the items for the keys that are not found
-        # Set the uncached values to instance variable @collection
-        # which is used by the caller
-        @collection = keyed_collection.reject { |key, _| cached_partials.key?(key) }.values
+        collection = keyed_collection.reject { |key, _| cached_partials.key?(key) }.values
 
-        # If all elements are already in cache then
-        # rendered partials will be an empty array
-        #
-        # If the cache is missing elements then
-        # the block will be called against the remaining items
-        # in the @collection.
-        rendered_partials = @collection.empty? ? [] : yield
+        rendered_partials = collection.empty? ? [] : yield(collection_iterator.from_collection(collection))
 
         index = 0
         keyed_partials = fetch_or_cache_partial(cached_partials, template, order_by: keyed_collection.each_key) do
@@ -57,12 +55,12 @@ module ActionView
         @options[:cached].respond_to?(:call)
       end
 
-      def collection_by_cache_keys(view, template)
+      def collection_by_cache_keys(view, template, collection)
         seed = callable_cache_key? ? @options[:cached] : ->(i) { i }
 
         digest_path = view.digest_path_from_template(template)
 
-        @collection.each_with_object([{}, []]) do |item, (hash, ordered_keys)|
+        collection.each_with_object([{}, []]) do |item, (hash, ordered_keys)|
           key = expanded_cache_key(seed.call(item), view, template, digest_path)
           ordered_keys << key
           hash[key] = item
diff --git a/actionview/lib/action_view/renderer/renderer.rb b/actionview/lib/action_view/renderer/renderer.rb
index 75f235fe63..b9278adafd 100644
--- a/actionview/lib/action_view/renderer/renderer.rb
+++ b/actionview/lib/action_view/renderer/renderer.rb
@@ -65,7 +65,50 @@ module ActionView
     end
 
     def render_partial_to_object(context, options, &block) #:nodoc:
-      PartialRenderer.new(@lookup_context).render(context, options, block)
+      partial = options[:partial]
+      if String === partial
+        collection = collection_from_options(options)
+
+        if collection
+          # Collection + Partial
+          renderer = CollectionRenderer.new(@lookup_context, options)
+          renderer.render_collection_with_partial(collection, partial, context, block)
+        else
+          if options.key?(:object)
+            # Object + Partial
+            renderer = ObjectRenderer.new(@lookup_context, options)
+            renderer.render_object_with_partial(options[:object], partial, context, block)
+          else
+            # Partial
+            renderer = PartialRenderer.new(@lookup_context, options)
+            renderer.render(partial, context, block)
+          end
+        end
+      else
+        collection = collection_from_object(partial) || collection_from_options(options)
+
+        if collection
+          # Collection + Derived Partial
+          renderer = CollectionRenderer.new(@lookup_context, options)
+          renderer.render_collection_derive_partial(collection, context, block)
+        else
+          # Object + Derived Partial
+          renderer = ObjectRenderer.new(@lookup_context, options)
+          renderer.render_object_derive_partial(partial, context, block)
+        end
+      end
     end
+
+    private
+      def collection_from_options(options)
+        if options.key?(:collection)
+          collection = options[:collection]
+          collection || []
+        end
+      end
+
+      def collection_from_object(object)
+        object if object.respond_to?(:to_ary)
+      end
   end
 end
diff --git a/actionview/test/activerecord/multifetch_cache_test.rb b/actionview/test/activerecord/multifetch_cache_test.rb
index ab4bb4dc3e..577615361a 100644
--- a/actionview/test/activerecord/multifetch_cache_test.rb
+++ b/actionview/test/activerecord/multifetch_cache_test.rb
@@ -1,9 +1,6 @@
 # frozen_string_literal: true
 
 require "active_record_unit"
-require "active_record/railties/collection_cache_association_loading"
-
-ActionView::PartialRenderer.prepend(ActiveRecord::Railties::CollectionCacheAssociationLoading)
 
 class MultifetchCacheTest < ActiveRecordTestCase
   fixtures :topics, :replies
diff --git a/actionview/test/template/partial_iteration_test.rb b/actionview/test/template/partial_iteration_test.rb
index 1c3c566667..0ed995f7f2 100644
--- a/actionview/test/template/partial_iteration_test.rb
+++ b/actionview/test/template/partial_iteration_test.rb
@@ -1,7 +1,7 @@
 # frozen_string_literal: true
 
 require "abstract_unit"
-require "action_view/renderer/partial_renderer"
+require "action_view/renderer/collection_renderer"
 
 class PartialIterationTest < ActiveSupport::TestCase
   def test_has_size_and_index
diff --git a/actionview/test/template/render_test.rb b/actionview/test/template/render_test.rb
index 7979e3458f..ea4a3b643e 100644
--- a/actionview/test/template/render_test.rb
+++ b/actionview/test/template/render_test.rb
@@ -265,14 +265,14 @@ module RenderTestCases
   end
 
   def test_render_partial_with_invalid_option_as
-    e = assert_raises(ArgumentError) { @view.render(partial: "test/partial_only", as: "a-in") }
+    e = assert_raises(ArgumentError) { @view.render(partial: "test/partial_only", as: "a-in", object: nil) }
     assert_equal "The value (a-in) of the option `as` is not a valid Ruby identifier; " \
       "make sure it starts with lowercase letter, " \
       "and is followed by any combination of letters, numbers and underscores.", e.message
   end
 
   def test_render_partial_with_hyphen_and_invalid_option_as
-    e = assert_raises(ArgumentError) { @view.render(partial: "test/a-in", as: "a-in") }
+    e = assert_raises(ArgumentError) { @view.render(partial: "test/a-in", as: "a-in", object: nil) }
     assert_equal "The value (a-in) of the option `as` is not a valid Ruby identifier; " \
       "make sure it starts with lowercase letter, " \
       "and is followed by any combination of letters, numbers and underscores.", e.message
diff --git a/activerecord/lib/active_record/railtie.rb b/activerecord/lib/active_record/railtie.rb
index 239ce54d87..cef94e3d1c 100644
--- a/activerecord/lib/active_record/railtie.rb
+++ b/activerecord/lib/active_record/railtie.rb
@@ -221,13 +221,6 @@ To keep using the current cache store, you can turn off cache versioning entirel
       end
     end
 
-    initializer "active_record.collection_cache_association_loading" do
-      require "active_record/railties/collection_cache_association_loading"
-      ActiveSupport.on_load(:action_view) do
-        ActionView::PartialRenderer.prepend(ActiveRecord::Railties::CollectionCacheAssociationLoading)
-      end
-    end
-
     initializer "active_record.set_reloader_hooks" do
       ActiveSupport.on_load(:active_record) do
         ActiveSupport::Reloader.before_class_unload do
diff --git a/activerecord/lib/active_record/railties/collection_cache_association_loading.rb b/activerecord/lib/active_record/railties/collection_cache_association_loading.rb
deleted file mode 100644
index 6d1bc8e3c4..0000000000
--- a/activerecord/lib/active_record/railties/collection_cache_association_loading.rb
+++ /dev/null
@@ -1,36 +0,0 @@
-# frozen_string_literal: true
-
-module ActiveRecord
-  module Railties # :nodoc:
-    module CollectionCacheAssociationLoading #:nodoc:
-      def setup(context, options, as, block)
-        @relation = nil
-
-        return super unless options[:cached]
-
-        @relation = relation_from_options(options[:partial], options[:collection])
-
-        super
-      end
-
-      def relation_from_options(partial, collection)
-        relation = partial if partial.is_a?(ActiveRecord::Relation)
-        relation ||= collection if collection.is_a?(ActiveRecord::Relation)
-
-        if relation && !relation.loaded?
-          relation.skip_preloading!
-        end
-      end
-
-      def collection_without_template(*)
-        @relation.preload_associations(@collection) if @relation
-        super
-      end
-
-      def collection_with_template(*)
-        @relation.preload_associations(@collection) if @relation
-        super
-      end
-    end
-  end
-end