Episode 159: Global Private Placements Deconstructed

In this episode of the InsuranceAUM.com podcast, host Stewart Foley sits down with Alex Alston, Division Director and Co-Head of Private Placements at Macquarie Asset Management, to discuss the evolving landscape of private placement fixed income. They dive into the defining characteristics of the asset class and why it has gained increasing traction, particularly among insurance companies seeking yield, diversification, and structural protections in today’s higher interest rate and inflationary environment.

Alex shares Macquarie’s broad approach to private placements, which spans various sectors and global markets. He explains the strong relationship between private placements and insurance asset management, emphasizing the appeal of yield enhancement, capital efficiency, and the flexibility it provides to both issuers and investors. The conversation also touches on the importance of deal sourcing, where Alex highlights Macquarie’s unique positioning as a boutique-style firm with the backing of a global asset manager, creating a competitive edge in accessing quality deals.

This episode offers valuable insights for insurance investment professionals looking to better understand the role of private placements in fixed income portfolios and why they remain an attractive option despite current market conditions.