Jesse Pound

Barings closed over $19 billion for its global direct lending strategy — highlighting ongoing institutional investor demand for private credit despite headlines focused on retail products.

Erinn King’s promotion is the second senior leadership change for IR&M in 2026.

The program includes an estimated $17.4 billion plan for Citi to find and source potential private credit deals, largely in the United Kingdom and Europe, with the financing coming from HPS’ capital pools.

Santa Barbara County (Calif.) Employees' Retirement System announced nearly $63 million in new private equity, private real return and real estate commitments.

Instead of focusing on geographic exposures, the Morningstar survey showed that allocators are looking more at diversification by asset class.

Shetty replaces Jim Smigiel, who left SEI in May after five years in the role, according to his LinkedIn profile.

The vote follows an extended public spat between the oil giant and the New York City pension leader, which included a couple of dueling letters.

Westfield (Mass.) Contributory Retirement System is searching for a private equity secondaries manager for a commitment of up to $15 million.