Switzerland’s public sector pension fund Publica is preparing to allocate up to $1.1bn into private credit, signalling continued institutional demand for higher-yielding alternatives to traditional fixed income, according to a report by Bloomberg citing unnamed people familiar with the matter.
The fund is understood to be seeking external managers for two separate direct lending mandates: one focused on Europe worth up to €500m ($580m), and another targeting the US market at up to $550m. The all...
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