Private Debt – Page 5
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NewsVER to increase private asset weighting as new rules give scope
Finnish buffer fund behind central government pensions aims to broaden private assets allocation by three points
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Country ReportGermany: Financing the Energiewende
German professional pension funds like ÄVWL and BVK are keen to support the energy transition process
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Asset Class ReportsPortfolio strategy – Private debt
The rise in interest rates and inflation throughout 2022 brought traditional fixed-income assets back into focus for investors. The threat of a recession, the pressure on investors to maintain liquidity in portfolios and the ‘denominator effect’, which sees investors over-allocated to unlisted assets after a torrid 2022 for listed equities and bonds, are all facts that would suggest that private debt markets will suffer. However, investors are still backing experienced private debt managers and allocations to the asset class are forecast to grow further in the medium term.
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Asset Class ReportsPrivate debt: Sustainable lending set for comeback
Issuance of sustainability-linked paper took a hit in 2022, but managers are now introducing ESG KPIs to incentivise borrowers
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Asset Class ReportsPrivate debt: Managers take back control
Steady demand for private credit puts lenders in a strong position to negotiate beneficial terms, but discipline in lending remains crucial
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InterviewsPension funds on the record: Private debt is not all it’s cracked up to be
Investment in the asset class has grown exceptionally in recent years among pension funds, but to some investors the risk-return profile is not attractive enough
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Asset Class Reports
Private debt: European markets try to power ahead
Private debt in Europe is still feeling the impact of the war in Ukraine and the surge in inflation, but there are reasons for optimism
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Asset Class ReportsPrivate debt: Leases make plane sense after COVID
With plenty of pent-up demand for air travel, aeroplane operating leases may be an attractive investment option
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NewsCompenswiss expands private debt programme
The Swiss pension fund is looking for managers to invest in senior corporate direct lending in Europe and in the US
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NewsEnpam and Fon.Te push on with private markets investments
Enpam plans to invest €290m in private equity, venture capital and private debt, while Fon.Te has earmarked €380m for private markets
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NewsItaly roundup: PreviAmbiente sets up new equity sub-fund
Plus: Inarcassa, Enpav expect positive returns in 2023; INPGI picks alternative investments funds
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NewsNet Zero Asset Owners lay out expectations for private markets managers
The group is asking private markets managers to disclose their scope 1 and 2 financed emissions for the 2023 financial year
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Asset Class ReportsPrivate markets report
Our report looks at the impact of economic uncertainty on private debt strategies and on venture capital. We focus on the rising role of pension funds in the private equity secondaries market. We explain in detail what ‘tokenisation’ of private assets is and how it could change this market for institutional investors.
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Asset Class ReportsPrivate markets: Private debt investors stand their ground
Despite the likely rise in corporate default rates, private debt is expected to deliver for investors
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NewsPrivate equity, mortgages enter net-zero alliance’s protocol in new draft
UN’s investor alliance expands guidance on treatment of sovereign debt in draft of third version of target-setting protocol
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NewsPFA rapped by Danish FSA over alternatives risks
Danish commercial pensions heavyweight told to correct strategic approach to alternative investments
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News
Folksam stows €276m into private credit for North European firms
Swedish pensions and insurance group picks P Capital Partners’ fifth credit fund for fixed income exposure across the group
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InterviewsStrategically speaking interview: Edwin Conway, BlackRock Alternative Investors
Many asset owners focus on the return streams available from private markets investments and the diversification effect of private equity, debt or any of the other flavours available in this sector of the market.
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FeaturesAI could help triple Europe’s private debt market
Investors seeking higher yield have driven the growth of the private debt market. European private debt, though still much smaller than the US market, has also been growing rapidly. European lenders managed assets of $350bn as of June last year, according to Preqin, in a total market of $1.19trn. This is more than double the level in December 2016.
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News
Franklin Templeton to buy Alcentra from BNY Mellon
Acquisition will double Franklin Templeton’s alternatives asset under management
