Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Europe's Pension Funds Are Betting Big on Private Credit
Europe's pension funds are quietly shifting billions from public bonds into private credit — a structural change that could reshape the continent's capital markets and risk landscape. Lucas and Luna break down the forces behind this migration: low yields on government debt, the search for income in an aging population's retirement portfolios, and the regulatory push via the European Long-Term Investment Fund (ELTIF) framework. They look at the numbers: Dutch pension giant ABP has allocated nearly 12% of its €500 billion pool to private debt, up from 5% three years ago. The Bank…
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