A $41 Billion Pension Fund Is Betting Big on Private Credit

Dec.31 -- Arizona’s $41 billion State Retirement System is looking to dedicate one out of every six dollars it manages to direct lending -- more than five times the industry average -- in a move some see as a harbinger of what’s to come for the booming asset class. Bloomberg's Kelsey Butler and Lisa Abramowicz discuss the rise in direct lending.

[johnnilan]

So how do the pension funds recover from personal bankruptcies which bankruptcy courts are inclined to grant. Typical short sighted pension fund managers. Stupid is as stupid does.

[oceannavagator]

Only insolvency is in the future of investors of junk bonds.

[troykeeling]

So they removed funding from big pharmaceuticals, to personal credit, what a goof. People get out of debt, and take your freedom back.