Credit/Private Debt

Institutional investors are eyeing distressed debt and opportunistic credit as key sources for investment opportunities as the global market grapples with a health crisis that has impacted every corner of the business world, leaving many companies in need of refinancing existing debt, restructuring or taking on new lines of credit to keep their lights on.

A Western state trust fund approved new asset allocation targets and manager changes this month.

A Midwestern pension plan split its new credit allocation between two firms at today’s board meeting.

A pension plan in the Pacific Northwest will spend more time looking at distressed strategies within the credit space.