Korea’s Yellow Umbrella seeks local fund managers

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

Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: KRW10.61trn
Allocation to alternatives: 10.6%
Bitesize: $10-50m

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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