Lotte Non-Life Insurance, subsidiary of South Korea’s fifth largest conglomerate Lotte Group, is not bullish on private real estate debt investing in the US and Europe because of the low total risk-adjusted returns from the asset class.
“It is really tricky at the moment for private real estate debt investments overseas,” said Janghwan Lee, executive director, leader of alternative investment team at Lotte Non-Life Insurance, who was speaking at PERE’s sister publication Private Debt Investor’s inaugural conference in Seoul today.
