The Canada Pension Plan Investment Board is partnering with a New York-based asset manager to invest in equity tranches of collateralized loan obligations. The partnership with Sound Point Capital Management, which is worth US$285 million, is through the CPPIB’s subsidiary CPPIB Credit Investments Inc. It will purchase equity in Sound Point’s collateralized loan obligations over […]
Private credit is a bit of a buzzword these days, according to Christian Stracke, managing director and global head of credit research at PIMCO. Despite its overuse, however, there remains a lack of understanding about private credit — in fact, it is often conflated with other products, many of which involve a lot more risk-taking. […]
It's not just about corporate lending.