Goldman insurance survey latest to show LPs’ drift to private debt

Real asset debt and corporate loans were among the favourites of insurers, outpacing real asset equity strategies, hedge funds and public securities for planned allocation increases.

Why the edges of asset allocation are becoming blurred

There has been a clear trend for limited partners to create specialised buckets for their private debt allocations. So what lies behind PensionDanmark’s reverse manoeuvre?

DOWNLOAD: Fundraising power in the hands of a few

Fewer funds are closing but more capital is being raised per fund. View our fully interactive presentation for all the key data on private debt fundraising in Q1 2019.

Jefferies, Stonyrock launch fund of firms partnership

The New York-based investment bank and newly-formed Stonyrock are just the latest entrants into one of alternative asset’s booming sectors: taking non-control positions in private markets managers.

The regulation blocking a windfall

Canada’s Northleaf is raising an evergreen senior debt vehicle that has attracted the country’s mutual funds, providing a glimpse of what life for US managers could look like if a key rule were rolled back.

Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.

LPs continue to raise the operational bar

Oklahoma’s TRS is the latest to pay more attention to its GPs’ calculations; more scrutiny should be welcomed.

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
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