Real estate debt

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

As North American private credit reels from scathing headlines, Europe appears relatively insulated. Have the asset class’s two most important regions gone their separate ways?

PEI Group’s Scientific Infra & Private Assets division delves into the numbers behind infra debt’s success.

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

Staff at the $620bn California pension expect the new and increasingly diversified program to perform well amid software exposure concerns and redemption pressure headlines.

The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.

Events in the Middle East may add to construction costs and financing pressure, but after a decade of shocks, Europe’s mid-market lenders are prepared to navigate volatility, says Arrow Global’s Ellis Sher.

As the US and European private credit markets become increasingly saturated, investors are turning their attention to Australia, says FC Capital’s chief executive officer, Christian Brehm.