SEMA seeks local PE/VC managers in Korea

The South Korean pension issues an RFP for domestic PE/VC fund managers.

Institution: SEMA
Headquarters: Seoul, South Korea
AUM: 6.66 trillion Korean won
Allocation to alternatives: 63.13%

SEMA has issued a request for proposal for domestic private equity and venture capital fund managers.

The pension plans to commit a total of 100 billion Korean won ($84.4 million; €71.3 million) to at most four private equity managers and a total of 82 billion Korean won ($69.2 million; €58.5 million) to at most seven venture capital managers. Eligible managers should oversee a fund that has already raised more than 70 percent of its target size.

The submission deadline is 8 September, and a decision will be put to the investment committee in late October.

The 6.66 trillion Korean won ($5.62 billion; €4.75 billion) Korean pension has a 63.0 percent target allocation to alternative investment that currently stands at 63.13 percent.

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