Asset owners eye distressed bets in alternatives

Elevated borrowing costs are leading Asia Pacific asset owners into private debt and secondaries while the equity side of alternatives is feeling the pinch of relatively higher interest rates, an institutional investors survey by State Street shows. Eric Chng State Street As increasing demand is seen for private debt and to some extent secondaries, this development comes down to dry powder, according to Eric Chng, global head of hedge commercialisation and head of alte…