Oregon Investment Council’s exposure to private markets has been a great source of excess returns over the years, but today the overweight allocation to illiquid markets is a growing concern with ramifications for liquidity particularly.
Renowned contrarian investor Charles Van Vleet, CIO of the $10 billion corporate pension fund for US aerospace and defence giant Textron explains why he favours private equity over private credit.
France's ERAFP has just boosted its allocation to private credit after a lengthy manager selection process, renewing and building out existing mandates in a €8 billion allocation begun in 2009.
With a new funded policy in place, CIO David Kushner is building a new private markets allocation at COAERS. He explains why private credit evergreen investments make a good starting point for a new private markets allocation that will make up 10 per cent of the fund.
The investment team at New Jersey Division of Investment explain why they are bullish on private credit, and flag trends in increasingly large capital raises by external managers. This risks pension fund assets not being allocated but sitting with 'asset gatherers' more focused on management fees.
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