Zurich Insurance Invests $170 Million Into APAC Private Debt

Zurich Insurance Group AG has selected Australia as the first market for its private credit strategy in Asia-Pacific, awarding a $170 million mandate as it seeks opportunities to invest in local assets.The insurer assigned the mandate to an Australia-based firm in the third quarter, Matt Vincent, the APAC chief investment officer at Zurich Insurance said in an interview in Hong Kong. He declined to name the money manager. Zurich Insurance joins a number of firms that have accelerated investments in private ...