A 17% PE target, a new 8% private-credit bucket, the FSB's first private-credit warning — and one chart.
In this episode
- CalPERS is about to tear down the walls between its asset classes — and lift private markets as it does.
- The regulator just put a number on the risk pensions are buying.
- Pensions are doubling down on private credit anyway — and writing bigger standalone targets.
- Britain hard-wires the same trade into law.
- The cushion that makes the risk-taking possible.
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Produced and edited by the UAO editorial desk. Not investment advice.