Speciality finance

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

Headline numbers and strategic priorities point to strong levels of institutional support, even for areas of the market under scrutiny.

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

Investors are attracted by music’s resilience during economic downturns, but are the moats around the sector deep enough?

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

The strategy that sits between debt and equity is seeing increasing demand from investors.

Retail investor redemptions are not being viewed as a troubling sign for private credit GPs, panellists say, echoing US SEC chair’s sentiment that asset class is not facing systemic issues.

Primary Wave’s fourth and largest such fund exceeded its original $1.5bn target fundraise and hard cap.

The coming months are expected to build on the fundraising momentum of 2025, as investors take a bullish stance on pursuing alternatives to direct lending and the US, says Jess Larsen of Briarcliffe Credit Partners.