Calpers Unfazed by Software Stress in Private Credit, CEO Says

Calpers, the largest public pension fund in the US, is reportedly unfazed by the software sector's current stress in its private credit investments. This suggests confidence in their portfolio's resilience and underwriting standards, despite broader market concerns about tech valuations and rising interest rates impacting venture-backed companies. Investors should watch for Calpers' actual performance in private credit and any ripple effects on other large institutional investors' allocations.