Hedge fund Seer Capital Management LP is ramping up purchases of significant risk transfers (SRTs) as it seeks to appeal to investors looking for loan exposure without taking on the full risks of direct private credit, according to a report by Bloomberg.
The New York-based firm already allocates more than half of its $1.1bn in assets under management to SRTs, and managing director Terry Lanson indicated that this weighting is expected to increase.
Investor interest in private credit and business...
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