Korea Post seeks global distressed debt fund managers

The South Korean government agency is seeking to commit up to $200m to overseas distressed vehicles in 2019.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: $106.03bn
Allocation to alternatives: 5.0%

Korea Post has issued an RFP for both its Savings and Insurance units. It aims to commit a total of $200 million to two managers targeting global distressed debts for commingled funds. Special situation vehicles are also of interest.

As illustrated in the charts below, the $106.03 billion South Korean government agency currently has a 5.0 percent allocation to alternative investments.

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