Korea Investment & Securities Co. is pursuing deeper ties with Muzinich & Co. as the Korean brokerage seeks to capture growing demand for alternative investments from domestic clients. The firms held high-level discussions at Korea Investment & Securities’ headquarters in Seoul on Tuesday, with Muzinich CEO Justin Muzinich meeting Kim Jae-pil, the Korea head of KIS.
The courtship comes as private credit giants turn to Asia as funding gaps widen in the region, with estimates of 8% annualized growth over the next 5 years, which would result in a US$160 billion market by the end of the decade across Asia Pacific.
Korea Investment & Securities launched its first Muzinich-linked fund last year, raising 10.9 billion won ($7.8 million), and has since recorded stable performance based on consistent coupon-based cash flows. The Korean firm is now reviewing plans for a follow-up fund, possibly launching as early as August.
With 67.7 trillion won ($47 billion) in retail client assets, Korea Investment has been expanding its global partnerships to differentiate its offerings. The firm has been working closely with global giants such as Goldman Sachs, the Carlyle Group and the Capital Group via strategic partnerships to offer international financial products.
Muzinich & Co. manages $37.3 billion globally across public and private credit markets and opened its fifth APAC office in Seoul in 2025, positioning itself for the Korean market’s growth potential in alternative investments.
