Limited Partners

LP Perspectives 2025: Read the full report here

More than half of investors are keen to ramp up their private debt allocations, according to our 2025 LP Perspectives study. But there are concerns around hidden risk and competition for deals.

With potential defaults looming, Arizona pension seeks more private credit

Public safety pension’s investment heads articulate potential benefits for LPs in healthy private credit allocation in what they expect to be a turbulent 2025

Opportunistic credit outshines overall investment performance for Marin County pension

LP’s recent foray into private credit posted strong returns in 2024, and GPs expect more to come in favourable environment.

Texas ERS looks to niche managers for outperformance

Lower mid-market private debt is a sweet spot, offering much higher spreads at lower leverage.

Connecticut Retirement plans for $1.85bn in credit commitments in 2025

Pension fund is looking to nearly double its private debt allocation to 10% over the next three years.

CalPERS seeks advice from Marks as it considers allocations

Oaktree’s co-founder argues that private and public debt can be equally risky, and draws a distinction between risk and volatility.

Florida SBA’s sale shows credit secondaries are at start of significant ramp-up

The US public pension’s offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.

Tax Court: An LP is what an LP does (or doesn’t do)

Ruling finds that for tax purposes, a limited partner is a passive partner.

Sixth Street snags $13bn of insurer’s assets to manage

Northwestern Mutual may increase the total, and will take a minority stake in the manager.

Deerpath Capital resets and upsizes 2022 CLO to $724.7m

Fourth CLO issuance is doubled to become the largest CLO in the firm’s history.