Income Insurance commits more than $780mn to private credit in 18 months

Singapore insurer Income Insurance committed $778 million to private credit in 2023, and anticipates new commitments of a similar magnitude this year, spread among existing managers and others, either hired earlier this year or with whom arrangements are being finalised. Jeffrey Tan, general manager, financial management at Income Insurance told AsianInvestor that the insurer had invested more than $1 billion into the asset class in the 18 months to the end of June 2024. Je…