Letter from London (First of a Series)
These partnerships are helping to drive the growth of the DC market, which is expected to rise to about £1 trillion by 2030 (according to PLSA). The largest of these plans is estimated to be committing to between 10%-30% in private/semi liquid market strategies. NEST, the largest DC master trust in the UK has stated they are ramping to a 30% allocation to private markets.
Next week we’ll discuss how individual managers in the UK are dealing with private capital allocations, what structures meet their unique sensitivities and requirements, and how those investors view the outlook for the asset class and the top managers with whom they invest…
▶︎ Read July 29th, 2024 Newsletter: here
Latest news
Multiples on PE buyouts
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
US Leveraged Loan Issuance Slows to $76.5b in July
The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…