peHUB First Read

* The State of Illinois was set to sell $1.4 billion in bonds today, but it's had to add a bit of new information to the offering. * Global secondaries firm Coller Capital has released its latest Private Equity Barometer, which surveys 100 limited partners in private equity. Most respondants expect (or even raise!) their current allocations to private equity, although they also expect to bump up against those allocations much sooner than in years past. In other words, gone are the days of 10% target allocation and 5% exposure. Here's the report for your downloading pleasure. * Top 10 reasons for the credit crunch. * Morning call: U.S. futures point higher, European shares fall on bank and telecom pressures, Nikkei closes at one-month high and Hong Kong hits two-month mark. * PaidContent with some behind-the-scenes of why venture firm Rustic Canyon sold a big chunk of its portfolio to secondaries firm Saints Capital. * Joseph Stiglitz on Capitalist Fools: "Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right."