Two of the country's biggest super funds have expressed caution about the growing practice of private equity funds shuffling investments between fund vintages.
Jassmyn Goh
News editor
Contact Jassmyn via email.
"When you're borrowing at 12% to 13% in a good economy, that cannot be high quality credit", the global equity manager told retail investors.
Just one month after launch, the US middle-market joint venture with Monroe Capital and SMBC has already written several loans in 'boring' sectors.
The family office is overweight on private credit but prefers to originate its own loans or co-lend rather than invest in funds.
One of the country's largest multi-family office managers says there are significant shifts underway in how the country's wealthiest families are allocating capital.
