BlackRock Scouts for Insurance Partnerships in Private-Debt Push
- Such debt has been a hot topic in the insurance industry
- ‘We will form collaborations with insurers,’ James Keenan says
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BlackRock Inc.’s private-debt business is exploring ways to tap the deep pockets of insurance companies that are increasingly looking to boost their allocations to the asset class.
The world’s largest asset manager is actively looking to form partnerships with insurance companies that will help it increase its private-debt assets, said James Keenan, the firm’s global head of private debt. His team already manages assets on behalf of insurers, but doesn’t currently have any defined collaborations, like some other investment managers do.