Investors

The Shared National Credit Program has clocked a 38% increase in ‘non-pass’ loans to $572bn; Marblegate sees opportunity.

More than half of institutional investors are underallocated to private credit.

A larger and more diverse universe of opportunity for distressed debt and opportunistic credit is unfolding. There are a number of reasons why.

Tough times may lie ahead for the UK – but will expectations for distressed activity be realised this time?

Opportunities are opening up for private credit investors in markets such as India and Australia, but domestic banks are fighting back in Southeast Asia.

‘There has been some bad behaviour that has caused some of these frustrations,’ he said.

The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.

Credit strategy’s slice of the alternatives pie grew to $32.4bn in 2023 from $27.1bn the previous year.

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

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