Institutions, family offices poised to place more bets on private credit
More asset owners are leaning towards private credit rather than private equity -- a trend seen likely to continue given the interest-rate and macroeconomic backdrop.
![Institutions, family offices poised to place more bets on private credit](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fshutterstock_718215244.jpg&c=1&h=677&q=100&v=20243127&w=1204)
Private credit outperformed buyout funds by 4.5 times in 2023, according to one estimate and expectations are growing among asset owners that this trend will persist.
“During the shift to a higher interest rate environment, many asset allocators became over-invested in private markets, as both public equity and bonds simultaneously sold off,” Kah Ken Kam, investment manager at Singapore-based single family office Wellco Capital, told AsianInvestor.
“The lack of markdowns and di…
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