Fall Surprise: Direct Lending Funds Attract US Pensions

Posted on 11/02/2014


Direct lending funds are continually attracting U.S. pension fund investors. These pension funds are searching for yield and in effect, the committed capital can be perceived as high-risk bank lending. These commitments are falling under many pensions’ high-yield allocation. For example, in late October, the Orange County Employees’ Retirement System (OCERS) committed up to US$ […]