Allocation

Korea Investment Corporation is among those seeing more opportunities emerge in European credit markets, director JunChan Yoon noted at PDI’s Seoul Forum on Tuesday.

The $239bn retirement fund aims to pick GPs to invest in the asset class this year or early next, according to investment director Laurine Amiel.

The Dutch pension manager is also looking for more special situations funds and weighing its approach to US investments, says its head of alternative credit.

Having been preparing for a downturn since covid, senior portfolio manager Ross Alexander tells us how the SWF is ready for today’s realities.

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

The public pension fund’s relationship with Comvest dates back to 2014, with a total of $190m of commitments to its funds.

Contrary to a report in the Financial Times earlier in the week stating that the turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.

How investors like Swiss Re and the UK’s Pension Insurance Corporation are adapting to this fast-maturing asset class.

The sovereign wealth fund is racing toward its allocation target, with about $2bn annual commitments to private credit, building out its asset-based lending exposure.