Building Resilient and Diversified Income Streams from Private Debt

Private debt has emerged as an asset class that can provide resilient, high-yielding income, which is a diversifier from equity dividends and fixed income coupons. This is particularly attractive when higher-than-expected inflation figures have fed through to LGPS pensions over the last few years. This inflation is now baked into future pensions and for some LGPS funds, results in a greater need for income generating assets, especially as funds mature.