Institution: National Pension Service of Korea (NPS)
Headquarters: Jeollabuk-do, South Korea
AUM: $576.5 bn
Allocation to alternatives: 10.7%
The National Pension Service of Korea (NPS) has agreed to commit KRW200 billion ($178.6 million; €156.9 million) to Pine Tree Asset Management for investing in domestic non-performing loan funds.
As illustrated in the charts below, the KRW651 trillion ($576.5 billion; €505.9 billion) South Korean public pension scheme has 12.5 percent target allocation to alternative investment that currently stands at 10.7 percent.
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