Korea Post Insurance seeks direct lending fund managers

The South Korean government agency is seeking to commit up to $200m to direct lending funds.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: $105.36bn
Allocation to alternatives: 5.0%

Korea Post Insurance, the investment unit of Korea Post, has issued a request for proposal for overseas direct lending managers. It aims to commit a total of $200 million to two fund managers.

The successful firms should have direct lending commingled funds of at least $500 million in size. The investor has issued a submission deadline of 29 April and will put a decision forth to their investment committee in June.

As illustrated below, the $105.36 billion South Korean government agency currently has a five percent allocation to alternative investments.

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