Samsung Life Insurance will acquire equity in Hayfin Capital Management, a Europe-based private credit manager.
According to Bloomberg News and the insurance industry on the 11th, Samsung Life Insurance is in talks to acquire part of the equity in Hayfin held by U.S. private equity group Arctos Partners. The specific acquisition size has not been disclosed.
Hayfin, headquartered in London, England, is an alternative investment firm managing about €34 billion (about 55 trillion won) in asset. Samsung Life Insurance became the third equity investor, following "Mubadala," a United Arab Emirates (UAE) sovereign wealth funds that acquired part of Hayfin's equity in Jul., and "AXA Investment Managers Prime" of France's AXA Group.
The insurance industry assessed that Samsung Life Insurance has moved to diversify revenue through overseas alternative investments.