Sergio Padilla
The teachers’ pension still remains short of its 5% target allocation to private debt.
The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors
Some LPs say they haven't made the move yet, but a large fundraise implies many already have.
TPG admires Cliffwater’s long-running status in the retail market through interval funds.
The public pension fund’s relationship with Comvest dates back to 2014, with a total of $190m of commitments to its funds.
Manager expresses caution on tariffs, but notes private credit accounted for half of inflows.
The fund seeks to monetise assets independently of a borrower’s overall performance.
While a tangible decline has yet to surface, prolonged sluggish fund performance predicts a negative trend.
The strategy, one of the largest of its kind, closes amid ample opportunities in seasoned funds.
The secondaries firm has bought interests in 44 senior direct lending funds from American National Insurance.