Featured

Korea NPS approves $816m in commitments

The South Korean public pension scheme has backed domestic large-cap and venture funds.

-

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.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.