Ucits at a glance: Ucits end strong year on a high

Credit funds at a glance

Investors preferred real asset debt to corporate private debt in 2019, finds Bfinance
Bfinance stated that, in dollar terms, real asset debt searches conducted by investors outweighed corporate private debt searches in 2019

DC pension set to invest in private debt assets
Universities Superannuation Scheme (USS), a UK based pension scheme, is set to enable the members of its defined contribution (DC) section to get exposure to private markets assets, including private debt, from February

Texas pension backs ICG credit fund
Texas County & District Retirement System (TCDRS) committed $167 million to a fund managed by Intermediate Capital Group in January, according to documents seen by Creditflux.  

Pantheon joins forces with Kermony in France
Pantheon has announced an exclusive 'introducer relationship' in France with Kermony Capital today, which is set to introduce Pantheon’s private debt capabilities to French investors  

Pimco launches listed multi-sector global credit fund
Known as Pimco Tactical Income Fund, the fund will invest in a range of global credit strategies and will list on the New York Stock Exchange

Eaton's private credit co-head departs after 10 years
The co-head of private credit at placement agent Eaton Partners has left to join an all-women investment firm focused on commercial real estate debt 

Napier Park beats 47 managers to win pension's lucrative credit mandate
Napier Park Global Capital has emerged as the winner for a $500 million illiquid credit mandate for Los Angeles County Employees Association, after the pension recieved 48 responses to its original request for proposal 

CRE CLO volume grew 40% in 2019, says Kroll, as Bridge preps first 2020 deal
$19.2 billion of CRE CLOs were issued last year - a 40% increase from 2018 figures. The first deal of 2020 is underway

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

Private debt tops the private markets agenda for insurers, finds Schroders
Insurers currently allocate the largest proportion of their private assets’ portfolio to private debt, followed by real estate, according to study published by asset manager Schroders  

NNIP hires head of alternative credit as it shakes up private markets platform
The hire will be responsible for overseeing NNIP’s €40 billion alternative credit platform – including its corporate debt, residential mortgages, commercial real estate lending, eca/government loans and infrastructure debt/project finance strategies

US pension backs special opportunities fund
Virginia Retirement System (VRS) has committed $150 million to a special opportunities fund, managed by Ares Management Corporation  

JP Morgan AM moves CFO to head up private credit
The chief financial officer of JP Morgan Asset Management has switched to a newly created role as head of private credit

Managers acquiesce on fees as small UK pensions seek private credit nest egg
Private credit fund managers are rejigging their fee structures in order to attract small UK pension schemes.

Fund performance: Long-short funds rule in October as CLO funds struggle
A round-up of fund performance

Ucits at a glance: Ucits continue to chart a steady course

CLOs at a glance: innovations arrive as year draws to close

Ucits at a glance: ucits continue to chart a steady course

BNP Paribas AM set to launch Nest-like private credit offer to UK pensions
French manager BNP Paribas Asset Management is set to launch a diversified private credit fund for smaller UK pension funds over the first half of 2020, similar to the one it structured for the pension scheme Nest  

UK pension partnership launches maiden private credit offering at £581 million
Border to Coast Pensions Partnership (BCPP) is set to commit £581 million in private credit, as part of its maiden offering in this asset class  

Italian journalists set for greater exposure to infrastructure debt
The pension fund for Italian journalists has launched a request for proposals in which it seeks exposure to infrastructure debt, along with infrastructure equity

45% of insurers look to increase private debt allocations, finds Natixis IM survey
Private debt allocations are expected to grow for 45% of insurers over the next three years, according to a recent survey by Natixis Investment Management. But regulation and internal restrictions are the biggest challenges to greater adoption of private markets allocation

Azimut hires ex-Dyal official as it aims to buy minority equity in asset managers
Azimut will initially focus on acquiring minority stakes in alternative asset managers with under $3 billion AUM – including private credit, private equity, infrastructure and real estate firms