With banks pulling back as suppliers of credit in times of economic downturn, investment funds entering the private credit space can help promote economic resilience and more could be done to facilitate the flow of private money into this space, according to a new paper. The background and motivation for this paper has to do […]
In this late-cycle environment, the Hydro Québec pension plan is cautious about credit and is maintaining its liquidity, according to Jean-François Pépin, senior director of financing, treasury and pension fund at Hydro Québec. At the end of 2017, the defined benefit plan had $24.7 billion in net assets. Invested in a variety of asset classes, including […]
Seventy per cent of all capital committed to private credit is from institutional investors, according to a recent report by the Alternative Credit Council and Dechert LLP. Jiří Krόl, deputy chief executive officer of the Alternative Credit Council and the Alternative Investment Management Association, says that although private credit is a relatively new asset class, it has been […]
Seventy per cent of all private credit committed capital comes from institutional investors, says a recent report, Financing the Economy 2018, released by the Alternative Credit Council and Dechert LLP. The report looked specifically at capital committed by investors to private credit managers. Janet Rabovsky, partner at Ellement Consulting Group, says that many pension funds […]
The Canada Pension Plan Investment Board is partnering with a New York-based asset manager to invest in equity tranches of collateralized loan obligations. The partnership with Sound Point Capital Management, which is worth US$285 million, is through the CPPIB’s subsidiary CPPIB Credit Investments Inc. It will purchase equity in Sound Point’s collateralized loan obligations over […]
Private credit is a bit of a buzzword these days, according to Christian Stracke, managing director and global head of credit research at PIMCO. Despite its overuse, however, there remains a lack of understanding about private credit — in fact, it is often conflated with other products, many of which involve a lot more risk-taking. […]
It's not just about corporate lending.