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GIC moves to sell up to $2bn in private credit assets

privateequitywire

2 weeks ago

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Singapore’s sovereign wealth fund GIC is preparing to divest as much as $2bn of private credit holdings, turning to the secondary market as institutional investors increasingly use portfolio sales to actively manage exposure to alternative assets, according to a report by Bloomberg.
Thew report cites unnamed people familiar with the matter, as revealing that the fund has engaged investment bank Evercore Inc to advise on the transaction. The assets being marketed are part of GIC’s longer-standing...

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