S&P 500 & Equities·Bloomberg Markets· 1h ago

Sumitomo Life Plans to Invest $1.9 Billion in Private Credit

The Big Market Report Take

Sumitomo Life Insurance Co. is considering allocating about ¥300 billion ($1.9 billion) on private credit in the fiscal year starting April, in the latest push by a Japanese financial firm into alternative assets to boost returns.

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