Institution: Industrial Accident Compensation Insurance and Prevention Fund
Headquarters: Ulsan, South Korea
AUM: 22.15 trillion Korean won
Allocation to alternatives: 9.47%
Industrial Accident Compensation Insurance and Prevention Fund has issued a request for proposals for domestic private equity managers.
The pension plans to commit a total of 100 billion Korean won ($84.7 million; €72.7 million) to at most two private equity managers. Eligible managers should manage a fund between 150 billion and 500 billion Korean won in size, with at least 150 billion won in AUM and have at least five years’ experience in the private equity industry.
The submission date is 4 November and a decision will be put to the investment committee on 3 December.
The 22.15 trillion Korean won pension currently has a 9.47 percent allocation to alternative investments.
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