Loan Note: LACERS reflects on allocation target; hyperscaling could damage returns, says Adams Street

LACERS talks allocation targets. Plus: Adams Street questions 'hyperscaling' trend; and Fitch identifies drop in default rate. Here's today's brief for our valued subscribers only. 

They said it

“What we have seen over the last few months is probably best described as chaos, and it is very hard to transact in a chaotic environment”

Ted Denniston, co-head of lower mid-market direct lender NXT Capital, quoted in our soon-to-be-published US Report

First look

Wanting a bigger slice: LACERS’ private debt ambitions.

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