Mandatum Life has first closing on private debt vehicle in uncharted territory
Interest in private debt has skyrocketed over the past few years, but how some managers will fare in wake of the corona crisis and its aftermath is still an open question. Even though the asset class isn't immune to recession, private debt is still attractive in the current environment, according to an investment trio from the Finnish life insurer.
Institutional investors have increasingly turned to private debt since the Global Financial Crisis (GFC) and the asset class has grown to become the third-largest asset class in private capital, ahead of infrastructure and natural resources, according to data provider Preqin.
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