Sumitomo Life Insurance Co plans to invest approximately JPY300bn ($1.9bn) in private credit during the fiscal year starting April, marking a continued push by Japanese insurers into alternative assets to enhance returns, according to a report by Bloomberg.
The Osaka-based company has steadily increased its exposure to private credit, which CEO Yukinori Takada said is attractive for its potential to generate higher spreads. Sumitomo Life currently holds around JPY1.6tn in private credit, includi...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.