Limited Partners

Francesco Martorana will start at the Swiss insurer this week after around 13 years at Italian rival Generali, with his predecessor at Zurich taking up a new role.

The UK insurer has appointed an industry veteran to succeed Rob Groves for the time being, ahead of the arrival of new CEO Mike Eakins.

Speaking at the PDI Network APAC Forum in Singapore, Samyoung Chung said his organisations were being more selective and examining different strategies in the asset class.

The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.

But cap raises at the top five perpetual life BDCs declined 50% year-on-year and profitability is pressured.

Anton Orlich, architect of the US pension giant’s PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.

Mike Jones, managing director and head of Australia private credit at PGIM, says that growth has slowed somewhat as the country’s big banks remain active, with patience vital.

The asset-based fund beat its target and raised $12.7bn of investable capital including commitments extended from the prior vintage.

The top three exposures in the publicly traded technology BDC are software, software apps and healthtech.