Institutions, family offices poised to place more bets on private credit

Private credit outperformed buyout funds by 4.5 times in 2023, according to one estimate and  expectations are growing among asset owners that this trend will persist. “During the shift to a higher interest rate environment, many asset allocators became over-invested in private markets, as both public equity and bonds simultaneously sold off,” Kah Ken Kam, investment manager at Singapore-based single family office Wellco Capital, told AsianInvestor. “The lack of markdowns and di…