Reported 6 months ago
Colonial First State, managing $100 billion of Australian pension and wealth assets, plans to increase its private credit deals due to expectations of prolonged high interest rates. The fund aims to gradually raise its private credit allocation to about 3% across its portfolio, shifting from historically low exposure levels. Chief Investment Officer Jonathan Armitage's recent trips to Europe and the US reinforced the view of higher inflation rates, influencing the fund's portfolio adjustments. CFS intends to reduce listed real estate holdings in favor of private credit investments, targeting larger companies in the US and Europe, with plans to explore opportunities in Australia as well.
Source: YAHOO