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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.

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.

Korea Investment Corporation: ‘We are investing a lot in alternatives’

The sovereign wealth fund tells PDI why this year it is looking to invest in alternative asset classes

How direct lending’s growth is changing returns

Jess Larsen of FIRSTavenue charts the evolution from ‘idiosyncratic alpha’ to cost-efficient beta, and the impact this is having on fees

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.

Agri lender takes root in CLO market

Japan’s Norinchukin Bank has emerged as an unlikely force in the leveraged loan market, but views vary on the desirability of this development.

GIP targets $1.5bn for its latest infrastructure debt vehicle

The fund is looking to make 10 to 20 investments over a four-year investment period.

The false alarm around leveraged loans

Fears are growing that here is a market potentially posing systemic risk. Research from Partners Group suggests such concern may be misplaced.

LACERS to add one more credit manager to its portfolio

The pension fund is looking to expand its debt investments after an update to its asset allocations last April.

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