In direct lending, manager selection is a critical driver of risk, return, and portfolio resilience. This article highlights the importance of evaluating managers based on where they invest and their credit underwriting discipline, including their avoidance of PIK income, and how rigorously they str Continue Reading
News
Pension News, Commentaries, and Insights from NCPERS
Find out what’s happening in the public pension community and explore the latest industry trends.
Retirement and pension administrators face growing pressures from rising transaction volumes, regulatory demands, cybersecurity risks, and increasing expectations for digital services, making modernization a strategic necessity rather than just a technology upgrade. Continue Reading
The traditional stock-bond relationship has weakened in recent years, leaving investors without a reliable diversifier. Lower middle-market private credit offers a structurally sound alternative. Continue Reading
Understanding the intricacies of yield-focused real estate credit can help pension fund trustees and investment managers best serve the income and cash flow needs of their overall pension portfolio. Continue Reading
The exposure to AI that is prevalent in the U.S. stock market also appears, through different mechanisms, in private equity, private credit, real estate, infrastructure, and fixed income. Continue Reading
Investors may not need a weaker dollar — just a less challenging currency backdrop — to unlock the appeal of EM local currency debt. Continue Reading
Schroders’ 2026 Global Investor Insights Survey shows U.S. retirement plans are preparing for higher market volatility and are leaning on active management to strengthen diversification, downside protection, and resilience. Continue Reading
NCPERS regularly highlights the latest industry job listings, new hires, and retirement announcements on behalf of its member pension funds, stakeholders, and service providers. Here you can find our latest roundup of job listings, hiring, and retirement announcements. Continue Reading
This article outlines practical measurement habits mid-market plans can adopt without overhauling governance, teaching pension trustees how common private-market metrics can obscure opportunity cost. Continue Reading
Segal's Scott Miller and Brad Ramirez sat down with NCPERS to discuss what public pension trustees need to know today: why AI governance can't stop at your office doors, how to oversee vendor use of AI, and what full funding means for contribution policy and continuing education. Continue Reading
Artificial intelligence is quickly moving from a future possibility to a present-day reality for public pension systems. From drafting communications and summarizing documents to automating routine administrative tasks, AI tools are beginning to find a place in pension operations. Continue Reading
Changing pension administration software vendors is a significant strategic decision for any organization. While software features are an important part of the equation, pension administration projects are complex, long-term initiatives with implications that extend well beyond a software change. Continue Reading