Investors

CalPERS and CalSTRS to boost private credit allocations

CalPERS is adding 3% and CalSTRS 2% to private credit; the public equity allocation at both pensions will decline.

The uneasy relationship between banks and funds

In some areas they co-operate but, in others, competition is increasing. Traditional and alternative lenders walk a fine line between friendship and enmity.

‘Secular change’ tough for some but the outlook’s bright

Given the shock of the new rate environment, some borrowers will experience problems, according to Howard Marks. He thinks talk of systemic risk is exaggerated though.

Blackstone’s Gray sees ‘structural changes’ in credit

Gray tells PEI Group’s NEXUS conference that corporate and real estate debt are the fastest growing assets of the firm.

Signs of hope following Asia-Pacific’s fundraising struggles

As the Middle East grows in significance as a source of capital, and travel continues its post-covid revival, Asia-based GPs are hoping they can find backing for the region’s big investment themes.

Perpetual fund structures are here to stay, says Cliffwater

Private debt’s future is bright due to favourable market dynamics and innovations such as perpetual vehicles, says Stephen Nesbitt, CEO of Cliffwater, Americas Investor of the Year in this year’s PDI awards.

How to grasp the credit opportunity

There are many different definitions of the credit opportunities strategy, but all offer flexibility and a distinct position in the investing spectrum.

Regulators keep private debt on the straight and narrow

AIFMD II lays down some practical challenges for private debt fund managers. There may be a lot more of this type of intervention in future.

S&P report: Banks are unloading risks to credit funds

Basel accords are incentivising banks to issue synthetic risk transfer securities.

SBTi validation is becoming a must have

The initiative’s applicability to both GP and portfolio companies means it is emerging as a ‘gold standard’ in private markets.