Private Credit Is Top Choice for Insurers Managing $13 Trillion
- Goldman Sach Asset Management releases 13th annual survey
- ‘Insurers remained aggressively allocating to private credit’
For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs Asset Management’s annual survey of global insurance companies.
Of the 359 executives polled, 53% ranked private credit among the top five asset classes in terms of expected 12-month returns. Now in its 13th year, the survey encompassed firms managing roughly $13 trillion combined, or about half of the industry’s balance-sheet assets, according to GSAM.