Institution: Korea Post
Headquarters: Sejong-si, South Korea
Allocation to alternatives: 5.0%
Korea Post Savings, the investment unit of Korea Post, has issued a request for proposal to real estate fund managers with a focus on mezzanine strategy. It aims to commit a total of $300 million to two managers through either closed-end commingled funds or separately managed accounts focusing on commercial properties in OECD countries.
The successful firms should have at least $7 billion assets under management, and the investor has issued a submission deadline of 7 May.
As illustrated below, the $105.36 billion South Korean government agency currently has a five percent allocation to alternative investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.