All private credit articles
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Features
Private credit secondaries come of age
Since the secondaries market came into existence, private equity has been the dominant asset class, but the tide is turning. It is finally time for private equity’s more youthful counterpart, private credit, to receive more of our attention. The private credit secondaries market borrows various elements from its older sibling, including best practices and deal structures, and it is now demanding the spotlight as awareness of the asset class increases.
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Asset Class Reports
Private lending shows signs of recovery
Private credit is showing signs of recovery, but investors are focusing on defensive sectors
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Asset Class Reports
Legal systems key in emerging market private credit
In the legally complex world of emerging markets, private credit investors naturally favour those with cleaner legal systems
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News
Investors remain committed to alternatives, survey finds
AI is also becoming a bigger focus both for allocation and for LP’s own processes
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Opinion Pieces
Regulation of private markets is essential
The private markets industry is feeling the pinch. Private equity managers, in particular, are having a hard time raising capital and exiting investments. There are also questions about returns from recent vintages, as businesses struggle with inflation and a choppier trading environment. Meanwhile, private credit managers are pushing back loan repayments to safeguard returns as higher interest rates reduce borrowers’ ability to fulfil their obligations.
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Interviews
On the record: Doubling down on debt
Pension funds are focusing on both listed fixed income and private credit
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News
ILX Fund invests first $400m in Dutch pension money in EM private credit
The Amsterdam-based impact fund, which invests in syndicated loans originated by development banks, is plannning to start fundraising for a second $2bn fund
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News
Private debt managers seek to tackle climate change – IPE research
The vast majority of private lenders include ESG T&Cs in financing agreements, with a quarter including net-zero targets
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News
Border to Coast adds £2.2bn to second private markets programme
New investments will focus on decarbonisation, the digital revolution, and emerging markets
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Opinion Pieces
The biggest test for private credit is upon us
Non-listed asset classes are sometimes touted as the weatherproof investment that can deliver positive returns no matter what, in both strong and weak economic environments.
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Opinion Pieces
Australia: Super funds shift focus to private credit
An ambition of the architects of Australia’s universal superannuation system, when it was set up in 1992, was to create what would become a fifth pillar of the nation’s banking system.
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News
NEST appoints HarbourVest as part of £1.5bn private equity push
New mandate will play an important role in helping NEST invest around 5% of its portfolio in private equity
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News
Border to Coast commits final investments in first £5.7bn private markets programme
In total, the programme invested into 61 funds and made three co-investments
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News
Wales Pension Partnership picks Russell Investments for private credit
The portfolio management team will use best-in-class closed-ended primary investment funds, secondaries and direct investments
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News
Vervoer commits $300m to SDG-focused private credit fund
The ILX strategy will enable the scheme to access a diversified pool of investments across emerging markets
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News
German investors prioritise ESG, sustainability criteria
Plus: Private credit remains solid despite volatile market
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News
Environment Agency Pension Fund backs LOIM sustainable private credit strategy
Local authority pension fund commits to fund in context of its net-zero ambitions
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News
APG invests $750m in new SDG-focused EM private credit fund
The money will be invested in loans originated and structured by international development banks, with a focus on financing sustainable projects
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News
UK investment pool adds £1.2bn to private market investments
Border to Coast private markets programme worth £5.7bn
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News
Border to Coast selects managers for £575m private credit roll-out
Local authority pension pool chooses global mezzanine, European and North American direct lending, and stressed and distressed debt strategies