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Geography Tags
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New York lifts limit on pension alternatives to 35%
3 days ago
New York pensions have been granted the ability to elevate their alternative investment allocations from 25% to 35%. This comes after New York governor Kathy Hochul signed a bill on 23 December that lifts the “basket clause” -
BC Credit targets $1.25 billion for third opportunistic credit fund
4 days ago
BC Partners Credit plans to deploy half the fund in private lending and structured equity opportunities and the other half in specialty lending and dislocated liquid credit deals -
LA pension awards $675 million to illiquid credit managed account
1 month ago
The strategy will invest across asset-backed credit, loans, bonds, and specialty finance -
Permira closes sixth CLO junior debt and equity fund
1 month ago
Permira Credit has closed its sixth European CLO junior debt and equity fund, Permira Sigma VI -
LDI funds prepare for return to CLOs and ABS early next year
1 month ago
Liability-driven investment (LDI) strategies that had to sell senior CLO tranches in droves could come back in for CLOs in the early part of 2023, sources say -
Carlyle targets $6.5 billion for credit opps fund
1 month ago
Carlyle Group is targeting $6.5 billion for its third opportunistic credit fund, according to a pitchbook seen by Creditflux -
LP round up: 27 managers find the top corner with investor wins
1 month ago
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. -
Texas pension allocates $75 million to CLO fund
2 months ago
Texas County District & Retirement System has allocated to its third CLO fund in three years -
Calpers allocates $2.75 billion to two credit managers
2 months ago
US pension heavyweight California Public Employees Retirement System earmarked $3 billion to credit funds in the third quarter of 2022, according to recent board materials -
Chicago pension seeks private credit manager to invest in evergreen fund
2 months ago
The Chicago pension is looking to invest in a private credit manager with an evergreen fund structure -
Structured credit gains focus from 75% of UK pensions: Aeon
2 months ago
Three quarters of UK pension schemes say they are increasingly focused on structured credit products -
LP round up: two managers terminated as 20 win $2.5 billion
3 months ago
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month -
Silver Point targets $4 billion for third specialty credit fund
3 months ago
The Greenwich, Connecticut-headquartered manager invests across several areas of lending including secondary market loans, hung syndications, rescue finance, and hard asset lending opportunities during periods of dislocation -
Pimco targets up to $5 billion for flexible credit fund
3 months ago
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions -
Investors urged to look at CLO funds amid PE slowdown
3 months ago
Institutional investors are said to be eyeing CLOs and structured credit as they seek to calibrate duration risk and prepare for recession. In addition, year-to-date performance in private equity portfolios isn’t meeting pension funds’ tough returns targets -
51% of investors plan to increase loan allocation in next 12 months: State Street survey
4 months ago
State Street surveyed 700 global institutional investors on how they view the fixed income market and how they are allocating amid ongoing market volatility. -
LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
4 months ago
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end -
US insurers’ CLO exposure jumped 12% in 2021 amid widening investor base: NAIC
4 months ago
US insurers’ CLO exposure increased by around 12% to $216.3 billion in book / adjusted carrying value by the end of 2021, up from about $192.9 billion the year before, according to an annual report by the National Association of Insurance Commissioners -
Michigan pension pledges over $1 billion to three US credit managers
4 months ago
Michigan Retirement System has pledged just over $1 billion to three credit managers -
LP round up: Magnetar and Värde among winners as $3 billion flows to credit
5 months ago
Institutional investors allocated at least $3 billion to credit funds in August -
US pension ups allocation to two CLO funds
5 months ago
Rhode Island State Investment Commission has upped allocations to two CLO funds it allocated $125 million each to the funds last summer -
LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
5 months ago
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street -
Schroders beats five to win structured credit mandate as pension terminates Franklin Templeton
6 months ago
Schroders has beat out five other credit managers to win up to $108 million for a securitised credit mandate from a US pension. It comes after investment consultant RVK recommended to terminate the pension’s investment in Franklin Templeton due to “underwhelming performance and decreasing assets” -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
7 months ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
8 months ago
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott
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