Investors

The teachers’ pension still remains short of its 5% target allocation to private debt.

Major private markets allocator with $211bn in assets introduces framework for portfolio with direct lending, opportunistic and distressed strategies

Pensions taking stock of recent private credit investments view allocation upticks as an obvious course of action, despite having questions about the impact of defaults and credit quality.

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

Some LPs say they haven’t made the move yet, but a large fundraise implies many already have.

Fundraising in private debt has struggled in recent years, a counter-intuitive development given the high hopes widely expressed for the asset class’s future. In The Private Debt Investor Podcast, Jess Larsen of Briarcliffe Credit Partners says a corner is being turned in 2025.

The fund beats its target, doubles its predecessor and reflects the return of creative aircraft financing.

The US university that pioneers the ‘endowment model’ is selling its PE investments in the secondaries market for the first time.

The public pension fund’s relationship with Comvest dates back to 2014, with a total of $190m of commitments to its funds.

Manager expresses caution on tariffs, but notes private credit accounted for half of inflows.