Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Schemes are allocating increasing sums to direct lending. Lynn Strongin Dodds assesses the appeal of the asset class and asks if its stellar growth can continue.
The Environment Agency Pension Fund (EAPF) has made a £60m allocation to private debt fund Permira Credit Solutions III as it looks to capitalise on banks' withdrawal from lending.
Liquid alternatives and private debt have the most potential to benefit from Britain's vote to leave the European Union (EU) according to research.
North Yorkshire Pension Fund will invest directly in European private corporate debt for the first time following a review of its fixed income strategy.
Replacement rates are being made obsolete by the retirement flexibilities introduced in April according to research from the Pensions Policy Institute (PPI).
Institutional investors continue to diversify portfolios, tripling the number of global infrastructure mandates awarded over 2012, according to figures from Towers Watson.