Korea Post Insurance confirms $197m in commitments

The South Korean government agency has backed a pair of buyout funds.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 133.86 trillion Korean won
Allocation to alternatives: 8.0%

Korea Post Insurance, the investment unit of Korea Post has approved $197 million-worth of commitments to two buyout funds, a contact at the South Korean government agency informed Private Equity International.

The commitments comprised $100 million to KKR North America Fund XIII and €80 million to EQT IX.

The 133.86 trillion Korean won ($119.8 billion; €98.8 billion) South Korean government agency currently has a 4 percent allocation to private equity. The overall allocation to alternative investments currently stands at 8 percent.

As illustrated below, Korea Post’s recent private equity commitments have targeted buyout, secondaries and debt vehicles across multiple regions.

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