From LP to Data Streamer: How Insurers Are Becoming Asset Managers in Private Credit
Summary
Insurers are transforming from passive limited partners into active asset managers in private credit. Solvency pressure and the search for liability-matched yield lead them to design their own structures, data, and duration ladders. Technology and unified data infrastructure turn this pivot into real-time performance and solvency data consumption.
Cesar Estrada
Cesar oversees Arcesium's investment operations, accounting, and data management solutions for private markets fund managers and institutional investors.
Sources
[i] Federal Reserve Bank of Chicago, June 2025. https://www.chicagofed.org/publications/working-papers/2025/2025-09
[ii] AAM, December 4, 2024. https://aamcompany.com/insight/the-rise-of-private-credit/
[iii] Apollo, January 3, 2022. https://www.apollo.com/insights-news/pressreleases/2022/01/apollo-completes-merger-with-athene-and-finalizes-key-governance-enhancements-120051006
[iv] Global Atlantic, November 29, 2023. https://www.globalatlantic.com/news/kkr-to-acquire-remaining-37-percent-of-global-atlantic-in-all-cash-transaction
[v] BlackRock, June 2025. https://www.blackrock.com/ca/institutional/en/insights/credit-outlook
