Private debt secondaries luring LPs across the board

Institutions from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

Though the private debt industry is still digesting the twin collapse of First Brands Group and Tricolor Holdings last month, demand for secondaries in the space remains red hot, a conference has heard.

Speaking at Private Debt Investor‘s DACH Munich Forum last week, Natalia Shelestovych, an investment manager for alternative investments at Munich Re, said the German reinsurer may consider private debt secondaries.