Talk has been growing louder about capital migrating away from the US and the rise of private credit secondaries. Evidence for both has emerged in our latest research.
2 min read · 09 October 2025
As the $87bn California pension approves change to remove a cap on manager names in the portfolio, CIO Jonathan Grabel says the system doesn’t have unique concern about credit market.
3 min read · 09 October 2025
Staff of the $60bn Arizona State Retirement System, a long-time private credit investor, are still mostly optimistic about the asset class amid a push to diversify the programme.
3 min read · 07 October 2025
‘Private Credit+’ is a $45trn opportunity globally. Direct lending, $1.5trn of that amount, is saturated, the report says.
2 min read · 03 October 2025
Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.
3 min read · 02 October 2025
Amid the struggles in private markets fundraising, private debt has fared relatively well. But investors have concerns, and that means their manager due diligence is getting more demanding.
10 min read · 01 October 2025
Investment consultant RVK estimates allocation of an additional over $200m would get the pension to its 7% target in 2029.
2 min read · 26 September 2025
It is more in credit GPs’ interests to actively pursue liquidity than remain passive with tail-end portfolios.
3 min read · 25 September 2025
Australia’s largest superfund enjoys the diversity and risk-return opportunities provided by private credit – and still works with managers in the asset class despite building out direct investing teams in infrastructure and property.
3 min read · 25 September 2025
