Speciality finance

We take an in-depth look at LP demand for private credit strategies, with several rising in popularity while others go out of favour.

A California pension with about $37bn is shy of a 3% target for private credit, with a 1% actual allocation.

The significant risk transfer market has been growing in popularity as banks seek to free up more capital for lending.

The real estate credit fund beat its $700m target and is more than 30% invested.

Fundraising hit a new record in 2025, but only just!

‘Even in an inflationary environment, we’re able to benefit from a returns perspective as a result of those prices increasing higher than we may have anticipated,’ Sagard’s Raja Manchanda said.

Credit managers have been experimenting with AI in 2025, with many expecting it will become an integral part of the private credit landscape in the near future.

US attorneys claim Tricolor execs Chu, Goodgame, Kollar and Seibold fabricated data to obtain loans.

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

LP appetite for speciality finance is soaring but investors must scrutinise managers’ origination capabilities before committing, says InterVest capital partners’ chief investment officer Steven Tenenbayev.