The UK’s state-backed workplace pension scheme Nest is investing £450m into US private credit, continuing its expansion into private markets even as parts of the asset class face growing investor caution over credit quality and liquidity, according to a report by the Financial Times.
The investment will be deployed through specialist manager Crescent Capital, which oversees around $50bn in assets. It forms part of Nest’s broader plan to significantly scale its exposure to private markets, includ...
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