DGB Life eyes private debt, private equity in alts push

DGB Life Insurance, a mid-sized insurer in Korea, is planning to increase its alternatives allocation up to a range of 8%-10% this year, particularly in private equity and private debt in overseas markets. The lifer, which has about $6 billion in assets under management, plans to ramp up its alternative exposure from the current 5%, Jeong Seung-Ki, a manager in the alternative division of DGB Life Insurance, told AsianInvestor. Jeong Seung-Ki “The pressure to increase re…