Caisse Executive Says Private Credit Concerns Are Overblown (1)

Pension manager Caisse de Depot et Placement du Quebec missed many of its return benchmarkslast year — but not in credit, where the group earned a 9.6% return.

Bloomberg News spoke with the pension fund’s head of liquid markets, Vincent Delisle, about the fund’s strategy and recent market jitters in the $1.8 trillion private credit arena.

Some of those concerns stem from private credit firms’ exposure to technology companies with business models that are at risk from new artificial intelligence tools. Blue Owl Capital Inc. opted to sell assetsto return capital after being hit with withdrawal requests. ...