CWMAA seeks private debt managers

The South Korean pension fund is expanding its private debt focus.

The Construction Workers Mutual Aid Association (CWMAA) has issued a Request For Proposal (RFP) to look for managers for its US private credit strategy.

It plans to invest $40 million in a senior-secured direct lending fund through a multi-manager investment model.  The fund is expected to invest for 5 years and the fund life will last 10 years.

The application deadline is February 12, 2018.

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