Private Debt

Non-bank institutions making loans to private companies.

Private debt makes up approximately 15% of the private market.

Types of Private Debt Fund Managers

Direct Lending
Distressed Debt
Mezzanine Debt
Real Estate Debt
Infrastructure Debt
Special Situations Debt

Why Invest in Private Debt

Private debt has outperformed two key benchmarks over the last 30 years: Global High Yield and US Investment grade. Private Debt adds much needed diversity to portfolios with equity like returns, bond – like volatility, and very low correlation to other asset classes.

THE RISE OF PRIVATE DEBT; IPE

Types of Institutional Investors

Public Pension Funds (~35%)

Private Pension Funds (~18%)

Asset Managers (~14%)

Insurance Companies (~14%)

Other Institutions Include: Sovereign Wealth Funds, Foundations, Endowments, Family Offices

Top Private Debt LPs

Virginia Retirement System (Public Pension Fund) Richmond, VA – AUM 78.1 Bn
African Development Bank (Bank) Abidjan, Ivory Coast – AUM 40.1 Bn
Arizona State Retirement System (Public Pension Fund) Phoenix, AZ – AUM 39.2Bn
Liberty Group (Insurance Company) South Africa – AUM 52.6 Bn
CalPERS (Public Pension Fund) Sacramento, CA – AUM 352 Bn
Oregon State Treasury (Public Pension Fund) Salem, OR – AUM 77.3Bn
Universities Superannuation Scheme (Private Pension) London, UK – AUM 81.6Bn
New York City Police Pension Fund (Public Pension Fund) New York, NY - AUM 39.2Bn
AG2R La Mondiale (Insurance Company) Paris, France – AUM 115.9Bn
FINEP (Government Agency) Rio de Janeiro, Brazil – AUM 5Bn
QIC (Asset Manager) Brisbane, Australia – AUM 64.5Bn
Future Fund (Sovereign Wealth Fund) Melbourne, Australia – AUM 106.8Bn
North Carolina Department of State Treasury (Public Pension Fund) Raleigh, NC – AUM 98.3Bn
Afore XXI Banorte (Private Pension Fund) Mexico City, MX – AUM 36.2Bn
Florida State Board (Public Pension Fund) Tallahassee, FL – AUM 197.3Bn