Samsung Securities announced on the 24th that it has exclusively recruited a trust product investing in Blackstone's flagship private loan fund, 'BCRED-O', in collaboration with Blackstone, the world's largest alternative asset manager. The recruitment scale was 150 billion won.
Samsung Securities stated that it has secured exclusive domestic retail sales rights for the next year, starting with this fund of funds recruitment. It noted that this lays the groundwork for directly providing high-quality global credit assets to domestic high-net-worth individuals and private banker (PB) clients.
BCRED-O is a channel for individual investors to access Blackstone's credit & insurance strategy. BCRED aims to provide a revenue-focused, defensively positioned portfolio to investors. BCRED historically concentrates on large companies in sectors with low default rates and prioritizes senior loans.
BCRED has a structure that allows quarterly redemptions. It also holds a Baa2 rating from international credit rating agency Moody's, which acknowledges its high credit quality internationally.
In particular, this product has a subscription size of about 2 billion won per customer, raising a maximum scale of 150 billion won, which is the largest for a private loan fund's domestic single launch standard.
Founded in 1985, Blackstone currently manages over $1 trillion in assets. Blackstone established its Private Wealth business 14 years ago and has since managed $271 billion in assets through that channel. Blackstone focuses on providing institutional-level investment insights to individual investors worldwide.
Since 2016, Samsung Securities has been introducing global private alternative funds to individual clients and has built up industry-leading global asset management capabilities by providing systematic training on global alternative investments to its PBs.
A representative from Samsung Securities said, "This exclusive supply demonstrates that Samsung Securities can provide individual investors with global-level alternative investment opportunities based on its global partnerships and product sourcing capabilities," adding, "We will continue to establish ourselves as a premium asset management platform leading the enhancement of domestic asset owners' portfolios."