Private Credit Is Still a Hot Asset for Bond Investors Buying Debt

Bloomberg examines why investors are returning to BDC bonds despite pressure on private credit funds. Steve Katznelson, CIO of Radcliffe Capital Management, shares Radcliffe’s view on the relative appeal of BDC debt. Bond Investors Snap Up Private Credit Debt as Yields Hit Multi-Year Highs – Bloomberg

Pompano Beach Police & Firefighters hires small-cap equity, ultrashort bond managers

Pompano Beach (Fla.) Police & Firefighters’ Retirement System hired Pullen Investment Management and Reinhart Partners to run $10 million and $7 million, respectively, in active domestic small-cap core equities, and Radcliffe Capital Management to run $5 million in an ultrashort bond portfolio. https://www.pionline.com/searches-hires-mandates/pi-pompano-beach-police-firefighters-retirement-small-cap-equity-ultrashort-bond

Irving Firemen’s Retirement adds credit hedge fund, ultrashort bond portfolio

Irving (Texas) Firemen’s Relief & Retirement Fund hired Radcliffe Capital Management to run $15 million in an ultrashort duration fixed-income strategy and invested $15 million in Serenitas Credit Gamma Fund, a credit hedge fund managed by LMCG Investments. Funding will come from reductions in investments in Vanguard Group fixed-income mutual funds. Irving Firemen’s Retirement adds […]