GPs Take ‘Credit’ for Higher IRRs

Our Alternatives Consulting Group explains subscription credit facilities and how they impact private markets returns.

The Story Behind Callan’s 2021 Capital Markets Assumptions

An explanation of Callan’s 2021-2030 Capital Markets Assumptions, how they were developed, and what changed from last year’s projections.

How the Pandemic Affected Private Credit, and What’s Next

Many private credit managers are well-poised to generate outsized returns as the dislocation extends into 2021.

Trigger Funds: Here’s What You Need to Know

Trigger funds are a drawdown private credit fund structure designed to help an institutional investor deploy capital in a timely fashion in distressed debt strategies, for which it is difficult to time the cycle, and in which an event can quickly yield an investment opportunity. The “trigger” is designed to generate a drawdown of investable […]

Assessing High Yield Bonds in the Current Environment

High yield allocations late in the cycle may seem like a bad idea, but investors’ need for yield in the face of falling rates for government bonds is strong. The credit market is still appealing. The higher coupon-clipping aspect of spread has led to superior returns over time. High yield fundamentals broadly speaking remain stable, […]