Direct lending tops private debt strategy again for Korean LPs
Jihyun Kim
Apr 26, 2023 (Gmt+09:00)
Direct lending, which has topped South Korean institutional investors’ private debt strategies for years, has become even more popular amid rising interest rates, a survey found. More Korean investors are eyeing distressed debt and special situation strategy, targeting corporates in poor financial conditions this year.
The Korea Economic Daily conducted the survey of Korea’s 22 major institutional investors, including pension funds, mutual aid associations and insurers, early this ...