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.