Korea’s Teachers’ Pension seeks domestic PE fund managers

The South Korean pension issues a RFP for local PE managers.

Institution: Teachers’ Pension
Headquarters: Naju-si, South Korea
AUM: 23.3 trillion Korean won
Allocation to alternatives: 21.79%

The South Korea’s Teachers’ Pension has issued a request for proposal for domestic private equity fund managers.

The pension plans to commit a total of 400 billion Korean won ($306 million; €299 million) to at most four private equity fund managers. Eligible managers should manage a fund of at least 500 billion won. Successful firms should be based in South Korea, and have at least one fund manager who possesses at least 10 years’ experience in the private equity industry.

The submission deadline is 23 August 2022, with a decision put to the investment committee planned mid-September.

The 23.3 trillion won pension has a 21.5 percent target allocation to alternative investment that currently already stands at 21.79 percent.

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