Investor watch: Border to Coast is 2022’s most active North American debt investor

UK-based Border to Coast Pension Partners committed $220 million to North American debt funds last year, outpacing a number of US-based investors.

Border to Coast’s commitments were followed by similarly robust allocations from Teachers Retirement System of the State of Illinois and Teachers Retirement System of Louisiana, which committed $200 million and $175 million, respectively. The New York State Common Retirement Fund and Texas Municipal Retirement System rounded out the top five most active investors in North American debt in 2022.

Illinois Teachers was also an active investor in global real estate debt, committing a total of $450 million to the sector, with Texas County and District Retirement System committing $350 million to real estate debt across all regions. Meanwhile, Massachusetts Pension Reserves Investment Management Board and Florida Retirement System Trust Fund each contributed $250 million to global debt strategies.