Korea Post seeks domestic PE/VC fund managers

The South Korean government agency issues two RFPs at the same time for PE and VC managers, respectively.

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

Korea Post has issued a request for proposal for domestic private equity and venture capital fund managers, respectively.

For the first RFP, the pension plans to commit a total of 200 billion Korean won ($175 million; €148 million) to at most three private equity managers. Eligible managers should manage a fund of at least 200 billion Korean won.

For the second RFP, Korea Post Insurance, the investment unit of Korea Post, plans to commit a total of 60 billion Korean won to at most three venture capital managers. Eligible managers should manage a fund of at least 80 billion Korean won.

The submission deadline for both RFPs is 23 August 2021, with a decision put to the investment committee planned for mid-October.

As illustrated below, the 133.86 trillion Korean won South Korean government agency has an 8 percent allocation to alternative investments.

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