Justin Slaughter
Some of private debt’s largest players have found a way to offer retail investors limited liquidity through a traditionally illiquid credit platform.
The fund has acquired a ‘diverse portfolio of bond and loan positions’ with proceeds from its IPO.
The CarVal fund is focused on US and Europe, while the Canvas fund is targeting distressed opportunities in Brazil.
The fund has raised $440m in recent months, having held a fourth close on Friday.
.jpg?id=12885324327 "Onex raising new CLO warehouses")
The firm is already at work on its second European vehicle shortly after finishing its first.
Private credit accounts for 0.8 percent, or roughly $31.5 million, of the pension plan’s total portfolio.
The New York firm also has significant capital in two separate opportunistic commingled funds.
The fund held a first close on $538m in January.
Vishal Sheth’s promotion comes as the lender also hired a former director at Madison Capital.
.jpg?id=19327353638 "NYSTRS makes room for private debt")
NYSTRS credit-related private equity portfolio received two new investments in recent months.