'There has been some bad behaviour that has caused some of these frustrations,' he said.
Texas Municipal Retirement System has committed $250m to Adams Street Senior Private Credit Fund III and $200m to the TPG Real Estate Credit Opportunities fund.
Blackstone took online pet care marketplace Rover private for $2.3bn, and Vista took software developer EngageSmart private for $4bn.
The ECB believes commercial real estate debt is an emerging economic risk; Yieldstreet teams up with Wilshire to expand private credit access; and Barings' woes continue with a BDC outlook downgrade.
Adam Le spoke to Barings' Bryan High to get his views about how private credit will evolve and why LPs are flocking to the asset class.
The fund exceeds its predecessor and will continue to invest in more complex credits to deliver enhanced returns.
The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.
Delegates at our APAC Forum 2024 heard about a growth opportunity for the asset class as rival sources of financing face difficulties.
The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.
Credit strategy’s slice of the alternatives pie grew to $32.4bn in 2023 from $27.1bn the previous year.