Credit Funds Tracker: 3 August 2020
Pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'.
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.
With equity and credit markets rebounding since April, investors began to emerge from hibernation in June and July after spending several months monitoring existing portfolio commitments. Sources say that virtual due diligence has been welcomed by investors and managers alike, though some processes are taking longer given certain investors still require physical on-site due diligence.
California endowment carves out private credit bucket
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