Alternative investments
Samsung Life buys 20% of French asset manager Meridiam
The Seoul-based insurer is increasing exposure to real assets; it bought 25% of UK property service firm Savills in 2021
By Apr 22, 2023 (Gmt+09:00)
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
Gas maker Air Products Korea put on sale for around $3.6 bn
Carlyle, Keppel, IMM stay in final race for Ecorbit
Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea
K-content powerhouse’s YouTube channels disrupted by hacks
Samsung Life Insurance, managing 223.1 trillion won ($167.5 billion) in assets, has acquired a 20% stake in Paris-based infrastructure investment firm Meridiam SAS, becoming its second-largest shareholder.
Founded in 2005, Meridiam manages about $20 billion in infrastructure such as public services including schools and hospitals, transportation and renewables. The assets are located in both developed and emerging markets across Europe, Africa and the Americas.
The South Korean insurer has aggressively increased its alternative investments since 2020 when Chief Executive Jeon Young-mook took the helm. It acquired a 25% stake in London-based real estate firm Savills Investment Management for $90 million in 2021.
The insurance firm is planning to increase exposure to global private equity, private debt and infrastructure this year.
Write to Han-Jong Choi at onebell@hankyung.com
Jihyun Kim edited this article.
More to Read
-
Pension fundsMore LPs tap ex-Samsung Life professionals as CIOs
Jun 20, 2022 (Gmt+09:00)
2 Min read -
Pension fundsGEPS taps Samsung Life's alternative investment head as CIO
May 27, 2022 (Gmt+09:00)
1 Min read -
Private equityIMM to buy Samsung Life stake once owned by Jay Y. Lee's sister
Jan 27, 2022 (Gmt+09:00)
2 Min read -
Artificial intelligenceSamsung Life eyes CPPIB-style stake purchases in GPs
Jun 28, 2021 (Gmt+09:00)
3 Min read
Comment 0
LOG IN