First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.

ILPA offers a ‘FAIR’ deal to its LP members

The industry group has teamed up with consultant Colmore, whose Fee Allocation Incentive Reporting programme aims to help investors ensure they are not overpaying for alternatives.

Debt investors seek higher yields as property cycle enters latter stages

While the risks may be rising for putative property investors, alternative fixed-income investors such as Allianz and Dai-ichi Life remain focused on obtaining yield

Agri lender takes root in CLO market

Japan’s Norinchukin Bank has emerged as an unlikely force in the leveraged loan market, but views vary on the desirability of this development.

The false alarm around leveraged loans

Fears are growing that here is a market potentially posing systemic risk. Research from Partners Group suggests such concern may be misplaced.

LACERS to add one more credit manager to its portfolio

The pension fund is looking to expand its debt investments after an update to its asset allocations last April.

Dai-ichi Life to launch in-house structured finance team

Insurer plans to strengthen its activities in project financing

PensionDanmark merges alternatives and private debt teams

The merged department will take responsibility for all alternatives investment at a time when the pension fund plans to grow its exposure.

Regulations push Korean insurers to explore credit enhancement measures

Investors are seeking ways of reducing the capital burden on their alternative investments

Asian investors spot anomalies in leveraged lending

Buyers are demanding higher-rated tranches in response to what they see as a lack of liquidity in the leveraged loan markets.
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