Term Sheet: PERE Credit’s April-May issue; DOL’s private funds proposal; SBCERA’s resi allocation

First-time and spinout real estate credit managers get their time in the limelight in the cover story of PERE Credit’s April/May issue; The US Department of Labor wants to clarify litigation risks for private fund managers aiming to access the defined contribution retirement plan market; San Bernardino County Employees' Retirement Association is keeping its real estate allocation pace intact with a $150 million commitment to TPG; and more in today’s Term Sheet, exclusively for our valued subscribers.