Joe Marsh
The $239bn retirement fund aims to pick GPs to invest in the asset class this year or early next, according to investment director Laurine Amiel.
Investors are bullish on mid-market lending despite default and recession risks, and even as swelling inflows are leading some private debt GPs to do larger-cap deals.
The US private debt manager continues the global buildout of its insurance team with a view to managing more assets for clients in that segment.
Semi-liquid private debt funds are proliferating and hold obvious appeal, but investors must be alert to the risks.
The German fund of funds and UK pension fund have concerns around market concentration, timing of capital deployment, and liquidity, among other things.
The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.
The move by the asset management giant, which has around $37bn of private debt investments and $603bn in insurance AUM, reflects a global trend among GPs.
The $192bn Canadian pension fund manager is looking to combine the expertise of its infrastructure and private credit teams, says CEO Deborah Orida.
The German asset manager, with around €18.5bn in private credit assets, will lose Desmond Ng in the summer.
Pierre-Emmanuel Brard's hire is part of Blackstone's global push to raise more capital from insurers, affiliate title PEI learns.