Institution: Construction Workers Mutual Aid Association
Headquarters: Seoul, South Korea
Allocation to alternatives: 22.80%
Construction Workers Mutual Aid Association has issued an RFP for private equity fund managers in South Korea. The Association aims to commit a total of KRW50 billion ($43.2 million; €39.1 million) to two domestic blind-pool funds.
The successful firms will have funds of at least KRW125 billion ($108 million; €97.7 million) in AUM. The submission deadline is 22 November and the decision will be released in January 2020.
As illustrated in the charts below, the KRW3.8 trillion ($3.29 billion; €2.97 million) pension fund has a current allocation of 22.8 percent to alternative investments.
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