News & Analysis

CalPERS and CalSTRS to boost private credit allocations

CalPERS is adding 3% and CalSTRS 2% to private credit; the public equity allocation at both pensions will decline.

Loan Note: Periodic stress will characterise ‘shadow banks’ says S&P; Goldman wraps up co-investment vehicle

S&P report reveals concerns over ‘shadow banks’. Plus: Goldman’s new credit/hedge fund vehicle; and a tough year for European leveraged finance. Here’s today’s brief for our valued subscribers only.

Pemberton signs deal to manage Zurich credit ELTIF portfolio

The deal is part of Pemberton’s long-term goal to expand its investor base into the wealth management space.

Structured investments emerge as distinct commercial real estate asset class

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.

Vicenda receives €30m from EIF for inaugural credit fund

The firm is targeting €250m for its DACH-focused private debt fund.

Orange County pension eyes secondaries sale for private debt, potentially other funds

The system has not yet finalised a contract with a secondaries adviser.

The uneasy relationship between banks and funds

In some areas they co-operate but, in others, competition is increasing. Traditional and alternative lenders walk a fine line between friendship and enmity.

Loan Note: CalPERS delivers allocation boost; new strategic partnership for Blackstone

California pension giant sets sights on bigger private debt and private equity allocations. Plus: Blackstone teams up with Key Corp; and Partners Group launches into royalties. Here’s today’s brief for our valued subscribers only.