Limited Partners

Fitch: Default events in January double last year’s average

There were 11 private credit defaults in January and 89 in the trailing 12-month period.

CalPERS wants its GPs to do better on transparency

More visibility on portfolio company data will help the $613.7bn US pension better manage its risk, according to CEO Marcie Frost.

AIA losing reinsurance CIO, group ALM head

The executive is moving on after some nine years with the Asian insurer, which has a $333bn asset portfolio, Private Debt Investor has learned.

Eldridge closes on lease facility with ProPetro Energy

ProPetro, doing business as PROPWR, targets 750MW to be delivered by 2028.

Washington pension board expresses credit concern amid build-out

The CIO has reassured the board that the pension is ‘not in a hurry’ to add private credit exposure, despite planning a new programme for the asset class.

LPs reveal their biggest frustrations with GPs

Investors list the main causes of friction with private equity funds, in exclusive research released ahead of PEI’s NEXUS event in Florida.

Bankruptcy debtors score a win over residential portfolio

US bankruptcy court approves sale of rent-stabilised residential properties, setting aside housing-based objections from New York City.

Florida SBA explores multibillion-dollar portfolio sale

The pension has been actively pursuing opportunities in the secondaries market over the past few years.

LPs look to move past the denominator effect

More and more LPs appear to be adopting an approach to allocation that could help them avoid portfolio imbalances due to volatility.