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Nippon Life Insurance plans to invest approximately $9.4 billion in Blackstone's credit strategies, as part of a new strategic partnership between the two parties.The company stated on Wednesday that it expects to expand its allocation to Blackstone’s investment-grade private credit and structured credit strategies, and plans to invest about 1.5 trillion yen (approximately $9.38 billion) in this U.S. alternative asset manager over the next five years.The company also said it will leverage Blackstone’s asset management capabilities to enhance the value of its real estate assets and explore cooperation on around 12 properties, including large urban assets.Blackstone and the company said they have signed a memorandum of understanding for this partnership, with Blackstone planning to provide investment management services in private credit and real estate.

Glonghui June 3｜Daiwa Capital Markets has raised the target price for Kioxia Holdings from 50,000 yen to 123,000 yen.

When there is a ceasefire, prices fall; when there is conflict, prices rise, yet the oil price range remains stubbornly unchanged. What exactly is being contested in this most grueling market phase? Nearly one hundred days into the Strait of Hormuz blockade, these three scenarios are the most likely ways for the situation to break. Click to learn more >>