Investors

401(k) – no more putting the cat back in the bag

While unfair criticisms persist, reasonable questions remain about preventing problem assets being dumped on retail investors.

UK’s Border to Coast seeks PE, private credit lead amid buildout

The local government pension scheme pool, with over £50bn of committed client fund capital, is expanding its investment capabilities ahead of seven more funds joining its pool.

BCI says Europe exposure key for private debt diversification

After making major investments in the region this year, the Canadian LP says diversifying its credit portfolio with strategic agreements is a key pillar of its strategy.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

Ares: ‘Enormous growth potential’ in APAC infra debt

Spencer Ivey has relocated to Sydney to spearhead Ares’ push into APAC infra debt, a market the firm feels may grow substantially over the next 10 years.

UK’s Just Group investment heads exit after Brookfield deal

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.

PIK, the quick fix that stirs controversy

Seen by some as a useful liquidity tool and by others as a disguiser of stress, payment-in-kind has become one of today’s big talking points.

Tacoma pension hunts for manager outside direct lending

A Washington pension is turning its attention to asset-backed lending, real estate debt and other strategies as it bolsters new private credit programme in $2.3bn portfolio.

Asset-backed finance, the ‘quiet giant’

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

Inside Phoenix’s £3bn private debt drive

Head of private markets Cecile Retaureau explains how the UK life and pensions firm is building its exposure to infrastructure finance. It is also adding to its private credit team.