Institutional investors’ interest in mid-market corporate direct lending is driving large capital flows into a squeezed portion of the market, according to Willis Towers Watson, resulting in downward pressure on returns and greater risk.
If the pension plans included in the study, sponsored by NAREIT, had reversed their REIT
and hedge fund allocations over the 1998 through 2014 period, at the end
of 2014, they would have had plan asset balances that were 2% larger,
the study report suggests.
This week Northern Trust announced enhancements to services
for private equity investment clients, while Franklin Templeton expanded multi-asset
solutions capability with new open architecture offering.
Delaware Investments announces intent to acquire Bennett Lawrence Management; Partners Group introduces private markets funds for the defined contribution market; Allianz Global Investors launches dynamic target-date collective investment trust series; and more.