Private credit managers are increasingly looking to Britain’s £1tn-plus defined-benefit pension market as a source of capital, as insurers allocate a growing share of their portfolios to private assets, according to a report by the Wall Street Journal.
The trend was highlighted by a new partnership involving Standard Life, CVC Capital Partners, Goldman Sachs and PGIM, under which investors will commit $2bn to private-market assets. Standard Life said the arrangement would support its growing bus...
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