Speciality finance

Ahead of his participation in this year’s PDI Network New York Forum, Matt Lisonbee of The California State Teachers’ Retirement System shares his views of the private debt market.

The CIO and investment strategy head exit the $36bn AUM life insurer after Brookfield’s recent move to acquire it, Private Debt Investor has learned.

Leading investors discussed emerging areas of private debt, the rise of data centres and concerns over PIK in a Private Debt Investor Network webinar.

NAV loans are generally helping performing buyout funds, rather than those struggling with distributions, says partner Dane Graham.

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

The asset class is attracting growing attention from family investors amid volatility and high interest rates. PDI examines which strategies are being employed.

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

The asset manager is rumoured to be lengthening its fundraising period, having previously outlined an opportunity to help clients diversify their private debt portfolios.

Direct lending may be the most popular strategy for private debt investors, but heightened competition for deals means lenders are branching out.

The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.