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Credit Funds Tracker: 7 January 2021

2020 ended on a strong note for private debt allocations with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches, according to board documents seen by Creditflux. On top of this, investors allocated capital to credit funds managed by ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto.

These developments tally with placement agent Eaton Partner’s latest “LP Pulse Survey”, which questioned investors in December about their views on alternative investments heading into 2021. Of those surveyed, 57% said they would modestly or greatly increase their private market allocations, with 43% planning to make no changes at this time. No respondents anticipated cutting allocations.

Pension sirens call for private credit and lev loans 

Los Angeles Fire & Police Retirement System voted to launch a private credit and a leveraged syndicated loans portfolio at its 17 December board meeting, a spokesperson for the pension has confirmed. Investment consultant RVK will oversee the formation of the portfolios.

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