So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Border to Coast Pensions Partnership, Leeds, England, committed £575 million ($794 million) to six private credit funds as part of its £3 billion private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed: $160…
Border to Coast commits more than $700 million to private credit funds
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Border to Coast Pensions Partnership, Leeds, England, committed about $735 million to six private credit funds as part of its £3 billion ($4.1 billion) private markets program, a spokesman confirmed.
The pool, whose U.K. local authority partner funds have £46 billion in assets, committed:
$160 million to Churchill Middle Market Senior Loan Fund IV, run by
Churchill Asset Management. The fund is a North American direct-lending strategy focused on middle-market companies.
$125 million to GSO Capital Opportunities Fund IV, run by
Blackstone and focused on global mezzanine investments in North America and Europe.
Digital Alpha raises more than $1 billion for infrastructure fund
Digital Alpha Advisors closed its second digital infrastructure fund at more than $1 billion.
Digital Alpha Fund II exceeded its initial hard cap, a news release said. A person familiar with the fund said the target was $750 million and the initial hard cap was $1 billion.
The fund, $300 million of which has already been committed across three deals, invests in digital infrastructure assets, companies and revenue-share agreements the same strategy as its Digital Alpha Fund I. Details on the first fund s closing amount were not available.
Investments focus on three key areas: next-generation networks, such as 5G infrastructure investments and Wi-Fi 6 solutions across the globe; cloud computing; and internet of things-enabled smart city solutions. Executives are looking to build a diverse portfolio of about 12 anti-fragile investments, which have resilient business models.