KTPF seeks domestic PE fund managers

The South Korean pension issues a RFP for local PE fund managers.

Institution: Korea Teachers Pension Fund
Headquarters: Naju-si, South Korea
AUM: 20.91 trillion Korean won
Allocation to alternatives: 20.6%

Korea Teachers Pension Fund has issued a request for proposal for domestic private equity managers.

The pension plans to commit a total of 200 billion Korean won ($177 million; €149 million) to four private equity managers. Eligible managers should manage a fund of at least 300 billion Korean won with at least 10 years’ experience in the private equity industry.

The submission deadline is 23 July 2021, with a decision put forth to the investment committee planned in late August.

The 20.91 trillion Korean won pension has a 24.6 percent target allocation to alternative investment that currently stands at 20.6 percent.

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