Allocation

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

During a PEI Group webinar, private debt LPs outline how they are responding to market volatility and growing dispersion of manager performance, with some increasingly wary of the sponsored direct lending space.

The $85bn pension system is scrutinising collateral quality and documentation in private credit funds as it evaluates re-ups and new manager relationships

The seventh vintage of the North American senior debt fund more than doubled its target

The firm last year partnered with global life and health insurer Reinsurance Group of America to help capitalise its future funds and build its strategy.

The NCIA is committing capital to the GP’s real estate debt, capital solutions strategies.

The funds will be used for sustainable opportunities across Nuveen’s energy platform, including its Energy & Power Infrastructure Credit Fund II.

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

The insurer’s head of portfolio management, Roman Hederer, sees more opportunities and value now in the asset class than a few years ago, particularly in Europe.

Washington heard from its consultant, Albourne Partners, that ramping up a private credit allocation in a stressed market may allow for stronger documentation and higher spreads.