KTPF seeks local fund managers

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

Institution: Korea Teachers Pension Fund
Headquarters: Naju-si, South Korea
AUM: KRW20.75trn
Allocation to alternatives: 21.20%
Bitesize: $50-100m

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

The pension plans to commit a total of KRW150 billion ($126.2 million; €116.5 million) to three private equity managers. Eligible managers should manage a fund of at least KRW300 billion ($252.4 million; €233.0 million) with at least ten years of experience in the private equity industry.

The submission deadline is 28 February 2020 with a decision put forth to the investment committee mid-April.

The KRW20.75 trillion ($17.45 billion; €16.11 billion) Korean pension has a 24.0 percent target allocation to alternative investment that currently stands at 21.2 percent.

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