As the $87bn California pension approves change to remove a cap on manager names in the portfolio, CIO Jonathan Grabel says the system doesn’t have unique concern about credit market.
3 min read · 09 October 2025
With GP-led deals taking centre stage amid a subdued M&A market and LP thirst for liquidity, private credit secondaries have a big role to play in the asset class’s future. By Daniel Roddick of Ely Place Partners.
5 min read · 07 October 2025
Staff of the $60bn Arizona State Retirement System, a long-time private credit investor, are still mostly optimistic about the asset class amid a push to diversify the programme.
3 min read · 07 October 2025
Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.
3 min read · 02 October 2025
NorthStar’s Al Tylis will become CEO of the venture, which will focus on both debt and hybrid capital investment opportunities.
3 min read · 30 September 2025
It is more in credit GPs’ interests to actively pursue liquidity than remain passive with tail-end portfolios.
3 min read · 25 September 2025
Australia’s largest superfund enjoys the diversity and risk-return opportunities provided by private credit – and still works with managers in the asset class despite building out direct investing teams in infrastructure and property.
3 min read · 25 September 2025
The Australian Securities and Investments Commission had greater concern around funds that target retail or high-net-worth investors, with institutional-grade products considered more sound.
4 min read · 23 September 2025
The collapse of the US auto lender was a talking point at this week’s PDI Network New York Forum.
2 min read · 17 September 2025
