Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
3 min read · 21 September 2023
During Musicco’s brief tenure, CalPERS substantially boosted its investment in venture capital funds as part of a larger effort by the CIO to grow private market exposure.
2 min read · 18 September 2023
Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.
2 min read · 14 September 2023
The system’s investment staff may expand target ranges, among other tweaks, as its cashflow needs change.
2 min read · 13 September 2023
David Robbins, the firm’s head of credit strategies, said the latest vehicle had a ‘great mix of investors.’
2 min read · 07 September 2023
The deal cements parent company LCFH’s position in the management of consumer and SME loans, leases and mortgages across Europe.
1 min read · 01 September 2023
Generally behind the curve on ESG, attempts to harmonise disclosure in private debt are beginning to gain momentum.
2 min read · 17 August 2023
Investors remain underallocated to private credit despite growing average allocations to the asset class.
1 min read · 17 August 2023
The ratings agency’s report finds distributions for notes backed by fund stakes fell due to decline in deals.
3 min read · 10 August 2023
