Institution: Public Officials Benefit Association
Headquarters: Seoul, South Korea
Allocation to alternatives: 58%
Public Officials Benefit Association has issued a request for proposal for domestic private equity managers, according to a report on the pension’s website.
POBA aims to commit a total of KRW120 billion ($101.6 million; €92.3 million) to three private equity managers. Eligible managers should have a buyout fund with a size of at least KRW200 billion ($169.3 million; €153.8 million), and should possess minimum five years experience in the private equity industry.
The submission deadline is 11 December 2019 with a decision put forth to the investment committee in February 2020.
As illustrated below, POBA’s last private equity commitment was €70 million to 2018-vintage Ares Capital Europe IV.
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