State Street’s asset management arm is looking to buy a stake in a private credit or infrastructure manager, as one of the world’s largest passive fund managers tries to boost its presence in the fast-growing realm of alternative assets.
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State Street says it is ‘shopping’ for a private credit manager
“We are shopping” for either a full acquisition or a minority stake combined with product partnerships, Yie-Hsin Hung, chief executive of State Street Global Advisors (SSGA), told the Financial Times.
