No-pause GC is possible, when we're talking about concurrent GCs, but it also shouldn't be mistaken for a "no-overhead GC". And reference-counting, as long as the actual reference counting isn't done in a separate thread as well, instead of blocking in a destructor, which triggers other destructors, is not a no-pause GC. It's true that application developer can avoid pauses even then, but that's a different claim.
From what I've been told, C++ games do another thing and just use arena allocators, which make allocations cheap (just an integer addition, provided you know a reasonable upper bound on the size of an arena, and if you don't, you may reserve a large piece of virtual memory, and commit it later in reasonably small, but also not too large chunks) and free-s even cheaper (either reset the integer, so that the arena can be reused, or a single syscall to unmap the whole arena in one go). That's a different strategy than making a lot of little allocs and frees, and then trying to minimize them by reusing objects, which is also quite hairy.