ALTERNATIVES
Credit managers could see a boost in business from the demise and sale of Silicon Valley Bank, industry sources said.
The banking crisis, higher interest rates, more expensive debt and low returns could result in some venture capital firms being unable to raise new capital.
Institutional investors are worried about inflation and plan to increase private market allocations, a Nuveen survey finds.
HSBC Life Hong Kong made two major adjustments to asset allocation: increasing private credit and slowing real estate capital deployment.
Melanie Gersper was named managing director-asset management at Pretium Partners.
Anna Kunz has joined multistrategy credit manager CIFC as a managing director on its investor solutions team.
Chicago Public School Teachers' Pension & Retirement Fund is adding a new 3% target allocation to private credit.
Private equity was the only private markets asset class to have negative returns, with a -9.2% net internal rate of return for the year ended Sept. 30.
Capital allocations to alternative investments jumped to about $144 billion in 2022.
Institutions are watching closely to see how alternative asset managers mark down portfolios; some expect a 10% to 15% drop in value.
