Alex Lynn
A growing number of LPs in South Korea see secondaries as an opportunity to invest in credit at a low price with downside protection.
Insurer has committed $400m to five private credit managers this year, according to global head of corporate finance John C S Anderson.
The firm joins an increasingly crowded NAV financing market, with Partners Group and Pemberton Asset Management among those to have also entered the fray in recent years.
Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.
Stuart Wrigley, who will also lead the firm's Asia-Pacific expansion from a new Singapore office, joins following a 24-year stint at GSAM, most recently as head of its APAC client solutions group.
Youngshin Park, a 20-year veteran of the country's LP community, explains what makes Korean LPs tick and outlines the best strategies for accessing this rich source of capital.
IMM Credit & Solutions already has around $2.2bn of AUM across 12 investments, chief executive Chan-Woo Park and vice-president Jong Weon Lee tell PDI.
We heard first-hand from some of the countries’ most influential investors about their concerns, ambitions and strategic priorities on the cusp of H2.
LPs from the region are looking more closely at workout capabilities, deal sourcing and back-office staffing when assessing new and existing managers.
Speaking at PDI’s Seoul Forum this week, executives from Hyundai Marine & Fire Insurance, Samsung Fire & Marine Insurance, National Federation of Fisheries Cooperatives and Government Employees Pension Service shared their key criteria for GP selection.