Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 133.86 trillion Korean won
Allocation to alternatives: 6.0%
Korea Post Savings, 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 a closed-end commingled fund of at least $500 million in size, with at least 80 percent allocation to first-lien debt including unitranche, while sector focused funds such as real estate, infrastructure and energy are not included. The fund should also have a net internal rate of return of at least 5 percent.
The submission deadline is 15 December 2020 with a decision put forth to their investment committee in February 2021.
As illustrated below, the 133.86 trillion Korean won ($121.5 billion; €100.6 billion) South Korean government agency has a 6 percent allocation to alternative investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: