North America

Fitch wades into rating NAV loans

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

Contra Costa introduces new real estate debt allocation 

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

KBRA adds three senior level hires

Ratings outfit expands its private credit team to beef up its practice.

Private debt allocation jumps to 3% for Chicago Teachers’ fund

The fund is on the hunt for managers as it begins to implement its 10-year investment plan

Warburg Pincus closes inaugural debt fund on $4bn, double its target

The firm’s entry into private debt with a direct lending fund will target sponsored and non-sponsored companies.

Denver Employees takes closer look at real estate credit

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.

Ares expands direct lending capabilities through Riverside Credit Solutions acquisition

Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.

CRG on lending to the healthcare disruptors

The cost of US healthcare is going up but outcomes are getting worse – the venture community is at the heart of the search for innovative solutions, says Luke Düster, chief investment officer at CRG.

Five key themes for US investors

Differentiation has become the buzzword as institutional LPs look to build out their private credit strategies.

The looming maturity wall

With trillions of bonds due to reach maturity over the coming years, what opportunities could this present for investors?