Limited Partners

GCM Grosvenor closes credit secondaries fund on $1.2bn

The North America-focused fund exceeded its $886m target, with the fundraise expanding its private credit platform.

Morgan Stanley IM appoints Asia insurance solutions lead

The US asset manager has hired Mark Wang, former global chief investment officer of HSBC Life, amid a push by GPs to raise more capital from the insurance segment, PEI Group has learned.

Insurers weigh opportunity and risk

Insurance firms are among private credit’s biggest supporters, but do they have the internal safeguards to engage appropriately with the asset class?

IPF closes on €241m for healthcare debt

As the market opportunity expands, the healthcare-focused manager is finding opportunities to invest larger ticket sizes.

Bay Area pension scrapped private credit plans amid worsening risk-return profile

Negative headlines about evergreen funds contributed to the California plan’s decision to abandon its initial $140m investment in those vehicles.

CalSTRS and Nuveen strike $2bn strategic partnership for debt fund and ‘adjacent opportunities’

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

SFERs’ strategy weightings, geographical exposure led to private credit misses

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

How fundraising is defying expectations

Headline numbers and strategic priorities point to strong levels of institutional support, even for areas of the market under scrutiny.

From ‘status quo’ to ‘remain in place’: ILPA updates CV guidance for an evolving market

The industry body’s prior guidance was ‘silent on a lot of things’, chief executive Jennifer Choi tells affiliate title Secondaries Investor.