Korea Post seeks domestic PE managers

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 147.8 trillion Korean won
Allocation to alternatives: 10.19%

Korea Post has issued a request for proposals for domestic private equity fund managers.

The firm plans to commit a total of 400 billion Korean won ($301 million; €283 million) to at most three private equity funds. Eligible managers should manage a commingled fund with buyout or growth capital strategy, with at least 500 billion Korean won in target size. The manager should currently manage at least two private equity funds.

The submission deadline is 20 September with a decision to be put forth to the investment committee in November.

The 147.8 trillion Korean won government agency has a 10.19 percent allocation to alternative investments.

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