KIC expands private credit capabilities with landmark investment

Korea Investment Corporation (KIC) is aiming to increase its direct investment capabilities in private credit after acquiring a passive, non-voting, minority stake in US private credit asset manager Golub Capital and its management companies. The investment marks the sovereign wealth fund’s first direct equity investment in an asset management firm. The Golub investment is “in line with [KIC's] continued effort to expand alternative assets, broaden asset allocation and enhance inv…