Allocation

Investors are increasing their allocation to private debt, but many remain below target.

After exploring Europe’s credit landscape, the $16bn Californian pension is looking to add a manager targeting an overseas strategy this fall.

Speaking at PDI’s Seoul Forum this week, executives from Hyundai Marine & Fire Insurance, Samsung Fire & Marine Insurance, National Federation of Fisheries Cooperatives and Government Employees Pension Service shared their key criteria for GP selection.

Korea Investment Corporation is among those seeing more opportunities emerge in European credit markets, director JunChan Yoon noted at PDI’s Seoul Forum on Tuesday.

The $239bn retirement fund aims to pick GPs to invest in the asset class this year or early next, according to investment director Laurine Amiel.

The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.

Having been preparing for a downturn since covid, senior portfolio manager Ross Alexander tells us how the SWF is ready for today’s realities.

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

The public pension fund’s relationship with Comvest dates back to 2014, with a total of $190m of commitments to its funds.

Contrary to a report in the Financial Times earlier in the week stating that the turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.