Investors

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

Retail money may be fleeing BDCs right now, but that doesn’t mean private credit’s dalliance with retail money is over, writes David Brooke.

TWG is working with state and federal regulators regarding undisclosed insurance-affiliated assets.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

Rachel Farrell will leave the £68bn UK pension fund, which is looking to in-house more investment decision-making while also working with a broader range of GPs, PERE has learned.

Our PEI Private Credit 200 ranking shows capital raising increasing overall – and accelerating especially fast for the largest fund managers.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.

Whether the trend is up or down – and by how much – depends on who’s counting and with what data.

During a PEI Group webinar, private debt LPs outline how they are responding to market volatility and growing dispersion of manager performance, with some increasingly wary of the sponsored direct lending space.

The $85bn pension system is scrutinising collateral quality and documentation in private credit funds as it evaluates re-ups and new manager relationships