Risk
Moody’s, MSCI to Launch Private Credit Risk Modelling Tool
The two firms will partner on solutions to provide risk assessments for the asset class.
Tag: Private Credit
Newsmakers
Nomura Capital Management Hires Ashu Pal to Run Portfolio
To support the new head of portfolio management, the firm plans to hire a vice president of asset-based opportunistic private credit and a private credit investment specialist.
How Has Private Credit Affected Valuations Across Debt Markets?
Investors can access a more diversified menu of credit investments, but due diligence is key—especially in thinly traded markets.
Research
Insurers Further Embrace Private Assets, Especially Private Credit
Approximately 62% of insurers plan to increase their private markets allocations, according to a survey of insurance CIOs conducted by Goldman Sachs.
Alternatives
Investors Move More Into Alts Following Stock Surge
Illiquid asset classes are among those viewed as stable amid growing uncertainty about the U.S. economy and global public markets.
Alternatives
Is the Shine Coming Off of Private Credit’s ‘Golden Age’?
Private credit funds are sitting on piles of money, but the slowdown in M&A is having an impact.
Corporate Moves
Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership
The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.
Alternatives
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Asset Allocation
Singapore’s Sovereign Wealth Fund Makes $7.5B Private Credit Move
Temasek seeks to capture global credit opportunities with a new wholly owned platform.
Corporate Moves
BlackRock More Than Doubles Private Credit Business With HPS Investment Partners Acquisition
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.
Alternatives
Wisconsin Pension Commits $70M in Capital to Altriarch Asset Management
The State of Wisconsin Investment Board will divide the investment between two strategies from the private credit firm.
Asset Allocation
Apollo Aims to Double AUM by 2029
During the firm’s investor day, CEO Mark Rowan laid out plans to achieve $1.5 trillion in managed assets, which include leaning into demand for private credit and retirement products.
Market Moves
Sports Investing Presents ‘Game Changer’ for Institutional Investors, per PGIM
Investors continue to pour into sports, buying teams and broadcasting rights from multiple leagues.
Risk
Private Credit Defaults Nudge Up: A Warning?
This relatively new alternative asset class had a 2.7% rate for loan non-payments in the second quarter, a Proskauer study says.
Manager Selection
Illinois Police Fund Seeks Credit Manager
The pension, which plans to build out a private credit strategy, approved a request for proposal for a manager.