Asset Allocation
BDC Stocks Soar by 12.8% in 2023, Despite Risks
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
Tag: Private Credit
Research
Private Credit: Fees Down, Rates Ascend
Investors in the in-vogue asset class hope that rising yields will boost their take.
What Could Derail Private Credit’s Momentum?
The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.
Research
Popular Private Credit Strategy Will Keep Low Default Rate, Study Says
Direct lending is projected to fare better than syndicated loans and junk bonds.
Asset Allocation
Insurers Tap Money Managers for Opportunities in Real Estate, Private Credit Markets
A recent surge in home construction has insurers eyeing investment opportunities in the single-family and multi-family residential sectors.
Asset Allocation
For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key
Investors are sensing a regime shift in the market, but capturing it will take careful planning.
How Managers of Pension Funds, OCIOs Are Approaching Risk
Whether aiming to transfer or reduce risk or looking to diversify, managers are considering a wide range of options, including private credit.
Asset Allocation
Private Credit ‘at a Crossroads’ in 2023
The $2.18 trillion market is ‘flashing warning lights,’ and deal activity is expected to slow, according to a Proskauer report.
Asset Allocation
Correlation in 2022 Prompts Thoughts on How to ‘Lose Less’
Investors rethink allocations as performance volatility arises.
Pensions
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Asset Allocation
Asset Managers See Further Potential in Private Credit Market
Amidst market uncertainty imposed by the pandemic and interest-rate hikes, portfolios have thrived in private credit; both CalSTRS and the CAIA Association hosted asset managers to discuss the asset class.
Newsmakers
Alternative Asset Managers Launch ESG Disclosure Tool
Template aims to improve transparency and consistency for companies and credit investors.
Research
Higher Rates to Squeeze Middle-Market Private Credit Market, Reports Kroll
Kroll report details a private credit sector protected from systemic risk by financing dexterity, and strong relationships between private equity sponsors and private credit lenders.
Manager Selection
Sean Bill, CIO of Santa Clara Valley Transportation Authority, to Retire in March
He will be taking a new position as chief investment officer of Bay Area private credit fund Prime Meridian Capital Management.
News
Private Credit: Too Risky? Not for Asset Allocators
Moody’s takes a dim view of direct lending, but the asset’s safety record is pretty good.