Real estate debt

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.

The New York-based manager is looking for construction lending opportunities in and beyond the stateside Sun Belt market for its next $10bn of volume.

It may once again be time to consider lending to certain mid-market property types.