Opportunity funds are firmly on the menu for Korea’s pre-eminent pension fund, the National Pension Service (NPS) of Korea.
According to PERE sources, the $288 billion state fund was slated to commit $300 million to The Blackstone Group’s seventh opportunity fund, Blackstone Real Estate Partners VII, last month.
ASIA NEWS: Korea down with oppo funds
NPS expects opportunity funds to play their part as it seeks to grow its property portfolio by $1.5 billion to $2 billion each year. PERE Magazine March 2012 issue.
