LP Tearsheet

Korea Post Savings approves $150m in commitments

The South Korean government agency has backed two United States focused real estate debt funds.

By
Chin Yuen
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Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: $105.9bn
Allocation to alternatives: 6.0%
Bitesize: $50-100m

Korea Post Savings, the investment unit of Korea Post, has committed $100 million to a blind-pool real estate debt fund managed by Blackstone and $50 million to Principal Asset’s mezzanine notes, a contact at the unit confirmed with Private Debt Investor. The firm, however, declined to disclose to which vehicles they are committing.

As illustrated in the charts below, the $105.9 billion South Korean government agency has a 6.0 percent allocation to alternative investments.

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