Investors

Loan Note: LPs line up at PDI’s Japan Korea Week; interest grows in sports lending

Don’t miss the chance to meet and hear from leading LPs at our Japan Korea Week. Plus: opportunity hailed in sports lending; and Opulum Capital launches credit platform.

LPs keep faith in mid-market credit amid tariff turmoil

Investors are bullish on mid-market lending despite default and recession risks, and even as swelling inflows are leading some private debt GPs to do larger-cap deals.

LBBW, USS credit execs voice reservations on evergreens

The German fund of funds and UK pension fund have concerns around market concentration, timing of capital deployment, and liquidity, among other things.

Sacramento County ERS targets 9% allocation to private credit

The pension will combine public and private credit into a singular credit asset class.

Texas PSF eyes higher level of allocations to nascent private credit portfolio

Following a deployment of $4.1bn to private credit that started in 2024, the $57bn Texas system’s staff is pleased with returns and stability of high-conviction managers in asset class

APG enters infra debt, eyes move into US impact credit

The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.

Alaska Permanent’s private income portfolio is ready for a recession

Having been preparing for a downturn since covid, senior portfolio manager Ross Alexander tells us how the SWF is ready for today’s realities.

Synergy Capital Fund III holds first close on $715m

The third vintage of the Dubai-based credit fund achieves 70% of its target two months after its launch.

Five takeaways from PDI Europe

‘Resilience’ is a word frequently used when describing how private debt has responded to previous challenges. How’s it shaping up in response to the current economic and political backdrop?

Ex-CalPERS’ Musicco: Evergreen funds will change LP-GP dynamics

The transactional nature of semi-liquid fund structures can place a lower importance on relationship building between investors and their managers, says Nicole Musicco.