Investors

LPs, some of which are hitting upper bounds of direct lending exposure, are turning to income-generating strategies like royalties, receivables and sale-leasebacks, says Conrod.

The suggested move has much prelude, both amongst other private credit concerns and in Blue Owl’s own recent history.

Goldman Sachs survey results and webinar look to generational differences and to resilience.

Deeper moves into private credit would be both an offensive play and a defensive rotation while private equity recovers, according to Sanford Rich, executive director of the NYC Board of Education Retirement System.

A slowdown in returning cash to investors, stagnant funds and dry powder are among the issues affecting private credit fund performance according to new research.

Although Australia is seeing real-estate related pressure, concerns about runs, repurchases, PIK and software appear overblown, some observers agree.

The $5.4bn equity commitments beat the target, but the balance comes from leverage, related vehicles and a GP investment.

Private credit is finding opportunities across data centre capital stacks and physical infrastructure, as several issues lurk in the background.

Institutional investors are increasingly flocking to royalties strategies as predictable cashflows top investment agendas.