Pension manager OMERS strikes partnership with Goldman Sachs to invest in Asian private debt

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Goldman Sachs Asset Management will run a separately managed account where it will invest with OMERS, mostly offering senior direct loans to highly-rated companies and sponsors

, but with an option to invest in other strategies such as mezzanine debt. Neither the size of the fund nor OMERS’s contribution were disclosed.

Investors with money to deploy in private credit are also increasingly partnering with banks, which have broad relationships and distribution networks, to roll out private credit funds.launch a new €10-billion private debt fund Major Canadian pension plans and asset managers are building up their private credit businesses, and OMERS’s partnership with Goldman Sachs allows it to tap the bank’s Asian private credit team, which is a subset of a broader direct lending team that manages more than US$100-billion. Its investments focus on India, China, Korea, Japan and parts of Southeast Asia, as well as Australia and New Zealand.

 

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