Korea Post seeks domestic PEF managers

The South Korean government agency is looking to commit up to $170m to domestic PE funds.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 133.86 trillion Korean won
Allocation to alternatives: 6.0%

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

The firm plans to commit a total of 200 billion Korean won ($168.8 million; €143.4 million) to two private equity managers. Eligible managers should oversee a fund of at least 100 billion Korean won in size.

The submission deadline is 28 August 2020 with a decision put forth to the investment committee planned in mid-October.

As illustrated below, the 133.86 trillion Korean won South Korean government agency has a 6 percent allocation to alternative investments.

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