Hesitancy aside, institutional investors eye Australia and Japan as promising geographies for private debt investments within Asia Pacific, with Greater China and Korea on the periphery.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
The group will look for private debt opportunities in Asia but CIO Alvin Ying noted the maturity journey of the market could take a while.
The rise of ESG principles has driven capital out of fossil fuels but created lucrative opportunities for those still willing to invest in the space.