National Pension Service of Korea (NPS)

The $887bn pension's PE exposure had reached 7.79% as of December, up from 6.99% a year prior, per its latest annual report.

Youngshin Park, a 20-year veteran of the country's LP community, explains what makes Korean LPs tick and outlines the best strategies for accessing this rich source of capital.

Institutional investors can no longer ignore the fact that exposure to high-quality assets is increasingly accessed via the secondaries market.

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, investment policy committee member Sam Y Chung tells PEI.

The pension made at least 52 new PE commitments in 2022, bringing the total number of funds and projects in its portfolio to 456, per its latest annual report.

The $5.9bn institution has an 8.8% exposure to alternatives, most of which is held in infrastructure debt, CIO Byung-kyu Cheon tells PEI.

NPS backed 55 private equity funds and projects last year, bringing the total number of these vehicles in its portfolio to 404 as of December, per its latest annual disclosure.

The South Korean pension issues a request for proposal for local VC managers.

Some institutions are expected to lean into equity-based strategies as they seek a new home for 2026 credit allocations.

Between them, the 10 largest investors on this year’s Global Investor 150 ranking have $1.1trn allocated to private equity, with an average allocation of 21%.

LPs without the technical capacity or appetite for secondaries could find themselves with a trophy asset blind spot. Plus: San Bernardino reckons emerging managers could prove key to unlocking exit opportunities. Here's today's brief, for our valued subscribers only.

Korea's NPS, EQT and Kirkland & Ellis snap up wins in this year's highly competitive regional awards.

What constitutes capital at risk when it comes to CGT treatment of carry? Plus: Why sector specialists might survive PE's consolidation craze and HarbourVest raises a secondaries giant. Here's today's brief, for our valued subscribers only.

Side Letter brings you Korean LP intel from Private Debt Investor's Seoul Forum this morning. Plus: Ares has major private wealth ambitions and there's a new climate firm in town. Here's today's brief, for our valued subscribers only.

For the eighth year running, KKR takes home the prize for firm of the year in Southeast Asia.

The parallel fund will invest alongside Hahn & Co IV, which is expected to close near its $3.25bn target in Q1 2024, PEI understands.