Korea Investment Holdings' subsidiary Korea Investment Securities discussed strategic collaboration with global private credit investment firm Muzinich & Co. on the 29th.
Chairman Kim Seong-hwan of Korea Investment Securities met with Justin Muzinich, CEO of Muzinich & Co., and Kim Jae-pil, the Korean representative, to exchange views on trends in the global private credit market and bond asset investment strategies. In particular, they shared investment opportunities and approaches centered around bank parallel lending in the U.S. private credit market and the European market.
Muzinich & Co. specializes in managing high-yield bond-based assets such as U.S. public and private credit. In the European market, it is engaged in a business of issuing joint lending bonds in collaboration with local banks. Muzinich & Co.'s total assets under management amount to $37.3 billion (approximately 51 trillion won), and it established an official branch in January of this year to expand its business in Korea.
Korea Investment Securities is introducing various financial products in collaboration with global asset managers. Korea Investment Securities expects to enhance its global high-yield bond and alternative investment product offerings through discussions with Muzinich & Co.
In particular, Korea Investment Securities set up the Muzinich No. 1 Fund last year and sold it for approximately 10.9 billion won, showing stable performance based on cash flow from bond interest. Korea Investment Securities is currently reviewing for additional Muzinich fund product launches, which are expected to be released as early as August.
A representative of Korea Investment Securities said, 'Through discussions with Muzinich & Co., which possesses differentiated competitiveness in the global bond investment market, we can further enhance the diversity and stability of our global investment portfolio,' and noted, 'We plan to continue expanding collaboration with global asset managers specializing in various fields.'