Institution: Industrial Accident Compensation Insurance and Prevention Fund
Headquarters: Ulsan, South Korea
AUM: KRW$21.19trn
Allocation to alternatives: 9.79%
The Industrial Accident Compensation Insurance and Prevention Fund has issued a request for proposal for domestic venture capital fund managers.
The fund plans to commit a total of KRW$60 billion ($48.8 million; €45.2 million) to four managers. Eligible managers should oversee a fund of at least KRW$50 billion ($40.7 million; €37.6 million), and have at least five years of experience in the private equity industry.
The submission deadline is 29 May 2020, with a decision put forth to the investment committee in June 2020.
As illustrated below, the fund currently allocates 9.79% of its investment portfolio to alternative assets.
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