Goldman Sachs Asset Management and Canadian DB pension plan OMERS will jointly invest in private credit opportunities in Asia Pacific having established a new partnership.
The separately managed account will be managed by the private credit Asia unit of Goldman Sachs with a dedicated team in the region, part of the Wall Street firm’s global private credit team of 165 professionals overseeing more than $100 million in AUM.
The focus for the partnership is to deploy in customized private credit solutions to high quality companies and reputable global and regional sponsors throughout the Asia Pacific region, and it is primarily expected to invest in the senior direct lending space, with additional flexibility to invest in mezzanine and/or hybrid opportunities.
James Reynolds, global co-head of private credit within Goldman Sachs Asset Management, says there is significant demand in the Asia region from companies and sponsors alike.
“We believe our differentiated approach through sourcing and our dedicated on-the-ground presence allows us to position ourselves to best identify investment opportunities that drive attractive risk-adjusted returns.”
The two organizations have collaborated several times over many years and this latest partnership expands that relationship into Asia, which Kal Patel, executive vice president and head of global credit at OMERS, says is an important region for the pension plan.
“Asia is a growth region for OMERS, and we look forward to working alongside Goldman Sachs to achieve our long-term targets as well as participate in the growth of the direct lending markets in Asia,” Patel said.
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