Reported about 1 year ago
California Public Employees’ Retirement System has allocated more than $1 billion to Sixth Street for an asset-based finance strategy. Sixth Street's asset-based finance group, led by Michael Dryden, focuses on various sectors including mortgages, commercial equipment, renewables, and energy finance. The commitment by Calpers is managed through a separately managed account overseen by Sixth Street, emphasizing the growing interest in asset-based finance opportunities amidst traditional lenders' retreat from the sector.
Source: YAHOO