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Private Credit, Meet “Higher for Longer”

Blackstone

With slower bank and leveraged loan growth, demand for partners in private credit is high. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023. Less cyclical sectors include healthcare, business services, and TMT (technology, media & telecom).

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This Week in Pensions & Investments: 10-11-2023

Pension Pulse

Completed the secondary purchase of a US$100 million commitment to Oak Hill Capital Partners V, which focuses on investing across the industrials, media & communications and business services in the U.S. Exited our 2016 commitment to STAR Capital Partners III through a secondary transaction, generating net proceeds of €96 million.