Weekly Digest: GIC, NPS invest in direct lending fund; KWAP to invest $4.5bn in transition assets
GIC, NPS invest in $3.9 billion fund; KWAP pledges to invest in transition assets; Singapore ministers allay concerns over Allianz's deal with Income Insurance; Australian pensions eye natural disaster reinsurance to enhance returns; and more.
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Singapore’s GIC and Korea's National Pension Service have invested in alternatives asset manager TPG’s Twin Brook Capital Partners' fifth direct lending fund, which closed with $3.9 billion of aggregate capital commitments, surpassing a $3 billion target, according to a person familiar with the matter.
The new fund has a roughly 60% re-up rate from investors in TPG Twin Brook’s $3.5 billion fourth fund, the person said, including GIC, which committed $375 mi…
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