Robinhood Raises $1 Billion, Taps Credit Lines
Robinhood raised $1 billion overnight from investors to shore up its balance sheet as the brokerage app was set to ease restrictions in the trading of certain volatile stocks.
State of New Jersey Views Private Markets Allocation As Return Enhancer | Jared Speicher, Head of Private Equity & Private Credit | Q&A
Jared Speicher is the head of private equity and private credit for the $75+ billion pension plan for the State of New Jersey. In this interview, he discussed how their increased allocation to private markets is a performance enhancer, how investors can benefit from riding out short-term market volatility, and the importance of risk-mitigating strategies to help preserve capital during market drawdowns.
Investors Turn To Private Credit As Key Portfolio Hedge Amid Market Ruptures
Private credit managers are on track to provide some $100 billion of real economy financing this year, as investors increasingly turned to the sector as a resilient portfolio hedge and diversifier amid equity market ruptures.
City Of New York Focused On Creating 'Resilient And Prudent' Portfolios | Wesley Pulisic, Head Of Alternative Credit | Q&A
Wesley Pulisic is the Head of Alternative Credit for the Bureau of Asset Management, in the Office of the New York City Comptroller, where he has served for over 9 years. In this interview, he discussed how the organization was among the first investors to establish allocation to opportunistic credit; how many government entities are increasing their allocations to private markets strategies; and why an effective global vaccine/treatment for COVID-19 will be the greatest influence on their portfolio.
2020 Top Private Credit Institutional Investors
In the years since the global financial crisis, private credit has emerged as an asset class unto itself. Institutional investors with comfortable liquidity have devoted significant attention to private lending as a way to secure high-yield returns for their funds. Even before the coronavirus pandemic upended the world economy, demand for private credit was high, with private-debt funds expected to reach $1 trillion in assets.
The Impacts (Or Not) Of Tech, Dodd-Frank On Aflac’s $100B Portfolio | Exclusive Q&A: Eric Kirsch, Global CIO
In this interview, Eric Kirsch, global CIO of Aflac's $100 billion investment portfolio, discusses how technology has enabled the automation of his back office, why there’s no robotic substitute for sound credit underwriting and why the potential alteration of the Dodd-Frank Act is unlikely to drastically impact Aflac’s private credit investments.