Direct lending

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

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.

While a tangible decline has yet to surface, prolonged sluggish fund performance predicts a negative trend.

The fund closed ahead of target, citing strong demand for European lending from investors.

The direct lending fund beat its target by $200m and its predecessor by $300m in equity commitments.

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.

Arini will utilise Lazard for both origination and to introduce potential investors in the its upcoming fund.

The secondaries firm has bought interests in 44 senior direct lending funds from American National Insurance.