Korean pensions eye private debt amid PE concerns
CIOs of Korean institutions are moving to build private debt allocations as they struggle to justify adding to large property and private equity portfolios.
Korean institutional investors are increasingly eyeing niche private debt as a result of high equity valuations, low bond yields and heavy exposure to other alternative assets, chief investment officers said at AsianInvestor’s Korea Institutional Investment Forum in Seoul yesterday.
The Public Officials Benefit Association (Poba) has seen private fixed income instruments grow to account for 6% to 7% of AUM and the allocation will continue rising, said CIO Jang Dong-hun.
Jang not…
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