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Christopher Faille

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.
The firm closed $166m of deals, for nearly 2,000 units, in Q4 2023.
Commitments total $1.35bn, including $50m from partners and employees.  
photo of departure sign at airport
The manager’s deputy CIO for global credit, Justin Plouffe, will add direct lending to his responsibilities, as global credit becomes biggest segment.
New research found just 10-15% of mid-market private credit loans are scheduled to mature in the next two years.
Distressed pre-bankruptcy firms are using workarounds that allow some final-reprieve liquidity and offer risk-tolerant lenders opportunities.
Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.
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