New York Life Insurance's asset management division is intensifying its efforts in Japan's private asset market. The Tokyo-based team is set to double in size to about 20 members as Japanese investors increasingly diversify their portfolios beyond traditional bonds.

This move places New York Life alongside other global asset managers competing for a share of Japan's expanding private asset sector. The trend reflects a broader shift among Japanese investors toward alternative investments.

The expansion highlights New York Life Invest Management's commitment to growing its presence in Asia, particularly in Tokyo, where the demand for private market opportunities is rising.

Sources