Investors

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

The $11bn pension fund will be launching searches for managers imminently.

The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.

Concerns over changes that may be made to capital gains tax have put private equity firms on red alert – with knock-on effects for the private debt industry. PDI discusses developments with Claire Madden of Connection Capital.

A huge pool of insurance industry money could be headed for private debt but there are many levels of complexity for fund managers to navigate. Insurance and debt insiders talk to about the potential benefits and challenges of partnering up.

It’s a topic that will be under consideration at our upcoming PDI Germany Forum: the likelihood of risk-averse investors being tempted by private debt’s ‘next big thing’.

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

Teachers Retirement System plans to allocate as much as $1.2bn for distressed debt and direct lending.

Insurance companies are already private debt’s most committed supporters, but the relationship has the potential to deepen further.

The latest PDI Investor Report tracks the biggest allocators to private debt and found many remain heavily underallocated.