Investors

Headline risks appear to be having a profound impact on allocations from the country.

A growing number of LPs in South Korea see secondaries as an opportunity to invest in credit at a low price with downside protection.

At least two Korean LPs are temporarily holding off on new commitments to corporate credit funds.

A record first quarter speaks to continued institutional investor enthusiasm for private debt despite concerns on the retail side.

Consultant for $14bn pension plan, Callan, provided an overview of private credit’s potential tailwinds that ran the gamut – from retail investors to defaults and AI disruption.

Adams Street’s third private credit platform focuses on senior financing to sponsored mid-market US and European businesses.

Matthias Kirchgaessner examines retail redemption stress, institutional contagion channels and the broader repercussions for the private credit market.

Such opportunities ‘can provide us with some downside protection against the macro flows rather than going with the flow as part of the herd’, says head and OCIO Seong Sup Cho.

Insurer has committed $400m to five private credit managers this year, according to global head of corporate finance John C S Anderson.

The firm said that redemptions were not motivated by fundamentals, but by a broader trend of investors seeking liquidity from funds elsewhere.