Japanese and Chinese insurers lead regional shift towards private credit investments, while regulatory changes and bank retrenchment create new opportunities despite allocation challenges.
Malaysia’s pension fund KWAP records highest-ever investment income; PAG has raised $4 billion for an opportunistic real estate fund; Qantas Super completes its merger with the Australian Retirement Trust; and more.
Maharlika Investment Corporation to acquire 20% of National Grid amid China tensions; Swedfund commits €40m to emerging markets infrastructure; ADQ launches $1.2bn mining venture; and more.
Asian insurers are going to increase allocations in private credit this year. They are also looking to diversify into different markets to reduce concentration risk.
China directs billions of dollars of insurance money into stocks; Malaysia’s sovereign wealth fund Khazanah Nasional is rebalancing its portfolio to invest more in developed markets; Korean scientists and engineers fund opens tender for foreign CLO mandate; and more.
Leading family office executives have weighed in on the state of private market fees and performance, as recent data reveals growing investor dissatisfaction with private equity and real estate strategies across Asia Pacific.
Taiping Reinsurance's issuance of Asia's first dual-perils, dual-triggers catastrophe bond represents not just a milestone transaction, but signals the dawn of a more sophisticated approach to disaster risk transfer in the region.
MetLife Investment Management, the asset management arm of insurance giant MetLife is set to acquire PineBridge Investments from Pacific Century Group.