Insto roundup: GPIF makes record cut to treasuries weighting; AustralianSuper to triple private debt investments
Omers to buy Indian renewable power producer; GPIF made record cut to treasuries weighting; AustralianSuper's private debt investments to hit A$15 billion by 2024; Hong Kong Exchange Fund's investment income recovers for H1 2021; China's securities regulator claims to seek closer cooperation with US; Allianz wins approval from Chinese regulators to launch asset management firm; and more
AUSTRALIA
AustralianSuper plans to triple its private debt investments to over A$15 billion ($11.04 billion) by 2024 as it promotes a new head of private credit Nick Ward.
Most of this growth will be made through direct lending, Ward said in a statement on Wednesday (July 28).
Ward will be the fund’s first head of private credit. He has been with the fund for 10 years and previously handled real assets debt investments.
The A$225 billion fund’s private credit team currently …
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