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Era of private credit outperformance over PE may be ending, says State Street

Private Equity Wire

The report cites Nan Zhang, head of product implementation and alternative investment research at State Street, as noting that “private debt, especially floating-rate debt, typically benefits from rising interest rates,” and expects that private debt’s outperformance might diminish as the Fed continues with rate cuts.

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Ares Raises $1.7 Billion for Australia Private Credit Fund

Private Equity Insights

billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 Ares Management Corp. has raised A$2.6

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Clearlake and Insight close to $2bn private credit deal for Alteryx LBO

Private Equity Insights

Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. read more Dutch Pension Fund Divests $3B from Fossil Fuel Firms Dutch pension fund PFZW has completed a $3.02 Read more Ares Raises $1.7 has raised A$2.6 billion ($1.7 billion (EUR 2.8

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Ares Faces Its Biggest Decision Yet: Stick With Private Credit or Become an Alts Supermarket

Private Equity Insights

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? Despite staying with private debt, Ares had no trouble keeping pace with the rest of the industry.

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My Career Regret - The Money and Interestingness Trade

This is going to be BIG.

Ten years ago, I was an analyst for the General Motors pension fund, working on fund investments into leveraged buyout funds and venture capital deals. I literally wrote the investment memo for GMs investment into Accel IX, otherwise known as the "Facebook Fund." (I

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CPP Investments Aims to Double Credit Holdings Over Next Five Years

Pension Pulse

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

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Private Equity's Creative Wizardry Posing Systemic Risk?

Pension Pulse

Funds raised money, bought businesses, loaded them with debt, exited at a profit and convinced happy investors to do it all over again — at ever greater scale. Some top industry figures don’t dispute the perils of gulping down more and more varieties of debt. “On Surging borrowing costs have stalled that engine.

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