Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
Allocation to alternatives: 10.6%
Yellow Umbrella has issued a request for proposal for domestic private equity managers.
The pension plans to commit a total of KRW60 billion ($51.8 million; €46.7 million) to three private equity managers. Eligible managers should manage a fund of at most KRW200 billion ($172.6 million; €155.5 million), and should possess at least five years of experience in the private equity industry.
The submission deadline is 7 February 2020 with a decision put forth to the investment committee later that month.
The KRW10.61 trillion ($9.16 billion; €8.26 billion) Korean pension has a 13.0 percent target allocation to alternative investment that currently stands at 10.6 percent.
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