Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 14.54 trillion Korean won
Allocation to alternatives: 19.1%
Yellow Umbrella has issued a request for proposal for domestic private equity and venture capital fund managers.
The pension plans to commit a total of 260 billion Korean won ($229 million; €193 million) to at most 10 private equity managers and a total of 100 billion won to at most 10 venture capital managers. Eligible managers should possess at least five years of experience in the private equity/venture capital industry.
The submission deadline is 21 July, 2021, with a decision put to the investment committee planned between August and September.
The 14.54 trillion won pension has a 17.8 percent target allocation to alternative investment that currently stands at 19.1 percent.
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