Institution: National Pension Service of Korea (NPS)
Headquarters: Jeollabuk-do, South Korea
AUM: $576.5 bn
Allocation to alternatives: 10.7%
The National Pension Service of Korea (NPS) has agreed to commit a total of KRW920 billion ($816 million; €723 million) to four asset managers for investing in domestic large-cap private equity and venture funds.
The pension fund is giving STIC Investments and IMM Private Equity KRW400 billion ($354.3 million; €313.9 million) each to invest in large-cap funds, and SoftBank Ventures and KTB Network KRW60 billion ($53.2 million; €47.1 million) each to invest in venture funds.
As illustrated in the charts below, the KRW651 trillion ($576.5 billion; €505.9 billion) South Korean public pension scheme has 12.5 percent target allocation to alternative investment that currently stands at 10.7 percent.
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