Prudential Life Insurance
Prudential Life Insurance Co. manages 17 trillion won ($15 billion) in assets, with alternatives representing 1.4%. It plans to increase the portion of alternatives to 2.5% over the next three years. It expects overseas alternatives to account for 2.2% of total assets over the next three years from the current 0.9%. By asset class, it will increase exposure to private debt, infrastructure and real estate. It makes alternative investments entirely through blind pool funds. It targets a return of 5-7% on alternative investments. KB Financial Group acquired Prudential Life in April.
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