Private credit a growing market, PE valuations hit by corrections: NTUC Income CIO

Private assets have proven effective during times of high inflation and rising interest rates, particularly for long-term investors, leading Singapore’s NTUC Income to stick with its continued allocation to private assets. The insurance cooperative expects the Federal Reserve to hike rates to 3.5% by the end of the year and that the US recession is likely to be a mild one. “The US has registered two consecutive quarters of negative GDP, signalling that the country is in a techni…