UTIMCO to slow private credit pace until economy turns

Utimco, private equity, pension fund, Texas
  • Endowment to wait for next default cycle
  • UTIMCO private credit portfolio valued at almost $1 bln
  • Private credit part of 36 pct allocation to private markets
UTIMCO is slowing its investments in private credit until it starts to see more distressed opportunities in market. Staff plans to make “fewer new commitments until the next default cycle,” a presentation at its Feb. 7 board meeting shows. The ...

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