Korea’s Yellow Umbrella seeks PE fund managers

The South Korean pension issues a RFP for PE managers.

Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 17.74 trillion Korean won
Allocation to alternatives: 23.46%

Yellow Umbrella has issued a request for proposals from domestic private equity fund managers.

The fund plans to commit a total of 260 billion Korean won ($199 million; €194 million) to at most eight private equity managers. Of the total, 240 billion Korean won will be split between six established PE managers, while 20 billion Korean won will go to at most two smaller firms. Eligible managers must possess at least five years of experience in the private equity industry.

The submission deadline is 26 August 2022, with a decision put to the investment committee planned in mid-November.

The 17.74 trillion won pension has a 23.46 percent allocation to alternative investment.

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