Sergio Padilla
Initial $250m consideration is composed of $125m in cash and $125m in units of P10.
Though collapses primarily occurred on bank balance sheets, alternatives managers have sought to get ahead of the problem.
The manager previously moved its redemptions threshold to 17% from 5%.
Blackstone's IG Credit AUM is now $130bn, up 30% year-on-year.
BlackRock TCP Capital Corp was hit by a string of deteriorating credits, including Renovo.
The bank’s asset management unit offers exposure to senior secured, floating rate debt.
The manager’s Capital Opportunities Fund V has a $10bn target and not held a final close.
The state pension fund looks to boost allocation from 6% to 10% by 2029.
LACERS has set in motion a plan to grow allocation to the asset class from 1.9% to 5.75%.
Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.