Some of the biggest buyers have very different views on this fast-growing asset class.
With some $4 trillion to invest—and returns depressed by ultralow interest rates—U.S. public pension funds have been dipping their toes into private credit. The relatively new asset class had grown quickly, attracting almost $1 trillion, before it was hit by March’s pandemic-driven collapse.
Bloomberg Alternatives
By Fola Akinnibi and Kelsey Butler
July 28, 2020, 2:00 AM PDT