PIC appoints Macquarie to manage PP investments in US

By Silas Brown
13 Apr 2021

UK specialist insurer Pension Insurance Corporation has appointed Macquarie to manage money on its behalf, focusing on private placements from US borrowers.

 PIC has a large footprint in European and UK private debt. Since beginning to lend in the asset class in 2012, the firm has invested in roughly 150 private debt transactions for a total of around £9.4bn.

But up until now, PIC has never invested in the US wing ...

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