Chikyoren hires SMTB as new domestic PE manager

Chikyoren strengthens its investment manager roster

Pension Fund Association for Local Government Officials, also known as Chikyoren, appoints Sumitomo Mitsui Trust Bank (SMTB) as its local private equity manager.

SMTB is the second manager for the domestic PE investment after the appointment of Mitsubishi UFJ Trust and Banking Corporation in June 2017.

The $185 billion pension fund allocates five percent of its total asset, amounting to $9.25 billion, to alternatives.

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