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Manulife office in Hong Kong
The Canadian insurance giant has already taken a significant minority stake in Albamen Capital Partners, a newly formed renewable energy and digital infrastructure manager in China.
The insurance giant has promoted a member of its global credit investment team to lead its $10bn push into alternatives, Private Equity International has learned.
Gilles Dellaert will lead Blackstone Insurance Solutions, a part of the business with a lot of growth potential.
BlackRock insurance report
Almost two-fifths plan to raise their PE exposure over the next 12-24 months, a report from the asset management giant finds.
Private equity is expected to deliver the highest returns in the next 12 months by 43% of respondents, the highest of any asset class, according to GSAM research.
The two asset management behemoths plan to tap an additional investor outlet.
The firm is acquiring a 19.9% stake in DSA Reinsurance from AIG in a deal that includes $6bn earmarked for Carlyle funds.
Insurers have nearly doubled their allocation to private equity since 2014 as part of an effort to combat a challenging investment environment.
Global firms want to increase their allocations to private equity more than any other asset class.
The US insurer has already received first-round bids for the bundle of stakes it wants to sell on the secondaries market.

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