Institution: Korean Teachers Credit Union (KTCU)
Headquarters: Seoul, South Korea
AUM: $22.88bn
Allocation to alternatives: 39%
Korean Teachers’ Credit Union (KTCU) has issued a request for proposal to domestic private equity and venture capital fund managers. It aims to commit a total of KRW800 billion ($698 million; €622 million) across nine private equity fund managers and KRW90 billion ($78.5 million; €70 million) to seven venture capital managers with closed-end, blind-pool funds.
For private equity funds, the successful firms will have funds of at least KRW500 billion ($436 million; €388.7 million) in size. For venture capital funds, the successful firms will have funds of at least KRW60 billion ($52.3 million; €46.7 million) in size.
The submission deadline is 10 May with a decision put forth to the investment committee mid-June.
As illustrated below, the $22.88 billion investor currently has a 39 percent allocation to alternative investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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