Korea Post has issued a request for proposal for domestic senior loan managers. It plans to commit a total of KRW$300 billion ($241.9 million; €220.0 million) to two fund managers.
The successful firms should manage funds which have invested more than 80 percent in senior acquisition financing transactions (including re-financing transactions), with up to 30 percent of their fund capital invested in overseas deals.
The submission deadline is 5 June 2020 with a decision put forth to the investment committee planned for mid-July.
As illustrated below, the South Korean government agency currently has committed to funds with senior debt and subordinated / mezzanine debt strategies.
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