Real estate debt

CalPERS names Canio as head of private debt

The pension fund giant has hired Mascha Canio, who has managed public pension assets, to the new role.

CalPERS aims to diversify direct lending-heavy portfolio as it ramps credit allocation

Specialty lending and real estate debt were mentioned as areas an interest for the next round of commitments from the $500bn-plus system after adding $18bn this fiscal year

Nuveen plots second Australian real estate debt fund after securing CPPIB commitment

Nuveen Real Estate has held a second close for the fund on around A$650m following the investment, with a final close due this year.

Aware Super looks to US and Europe as private debt performs strongly

Australian superfund Aware Super is one of the largest domestic players in the asset class Down Under – and continues to deploy capital through GPs overseas.

State Street: The rise of the retail investors

All private market asset classes stand to benefit, debt more than real estate or infrastructure.

The modelling challenge facing CMBS

The commercial mortgage-backed securities market is seeking ways to adapt the use of AI to its requirements.

The Real Estate Debt 50 – 2025

Aggregate capital raising for the largest real estate credit managers declined for the first time in the ranking’s history.

Texas PSF eyes higher level of allocations to nascent private credit portfolio

Following a deployment of $4.1bn to private credit that started in 2024, the $57bn Texas system’s staff is pleased with returns and stability of high-conviction managers in asset class

MSCI: Global private credit beats PE for third consecutive year

All three subgroups of private credit posted positive returns in 2024, with mezzanine loans leading the pack.