Private Credit Chases Japan’s Trillions as Inflation Spurs Shift

Private credit funds are trying to scoop up more of Japan’s ¥4.5 quadrillion ($28.7 trillion) of financial assets to lend globally, betting that inflation will prompt investors to channel more of that money into riskier overseas investments.

Ares Management, which has about $428 billion of assets under management, plans to open a Tokyo office this year, while peer Blue Owl Capital established a base in the Japanese capital last August. At least four other firms including New York-based Siguler Guffhave made hires in Japan over the past year for key positions with responsibilities including selling private debt products. ...