Real estate debt

The investor is also moving into other new areas of illiquid credit, including infrastructure and real estate financing, says founder and CEO Antoine Prudent.

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

Despite record-breaking H1 fundraising activity, infrastructure and real estate credit funds are largely absent from the total.

Rachel Farrell will leave the £68bn UK pension fund, which is looking to in-house more investment decision-making while also working with a broader range of GPs, PERE has learned.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

The New York-based manager is adding competitive lending depth atop its flagship platform and has more capital-raising efforts in the works.

The NCIA is committing capital to the GP’s real estate debt, capital solutions strategies.

The North America-focused fund exceeded its $886m target, with the fundraise expanding its private credit platform.

But growth in insurance inflows helped boost total credit inflows to $33bn, nearly 50% of the firm’s total.