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.
Tag: Private Credit
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.
Risk
Private Credit Not Likely to Run Out of Capital, per Report
The loans yield around 10% yearly, a big enticement to investors, and borrower demand is high, according to Turning Rock Partners.
Corporate Moves
The Evolution of Insurance in the Age of PRT
Private equity investment in the insurance industry is affecting how some view risks in the pension risk transfer market, while others say it will broaden the PRT sector’s appeal as a diversification tool.
Asset Allocation
39% of Family Offices Are Crypto Investors or Are Eyeing It
The findings were part of BNY Mellon Wealth Management’s first report on these funds.
Risk
Dimon Sounds Alarm on Private Credit—Sounds Like Junk Bonds, Circa 1990
JPM chief points out that these loans have not yet faced a real economic downturn, which high-yield did.
Risk
Private Credit Downgrades Rise Among Mid-Sized Companies, Says KBRA
Among a sampling of them, 21% had first quarter demotions, striking a possibly worrisome note for a key part of the economy.
Alternatives
Insurance CIOs See Alternatives Driving Portfolio Returns
There is no “turning back” to traditional asset allocations, according to KKR.
Opinion
The End of Easy Money: Institutional Investors and the Private Markets
It will take time for the system to work through what is effectively a liquidity queue.