Korean pension sets aside $160m for private debt – exclusive

The pension fund prefers lending to performing assets in the US and Europe across different strategies.

South Korea’s Government Employees Pension Service (GEPS) is planning to allocate around $160 million to private debt funds, according a request for proposal (RFP) issued by the pension fund.

GEPS will allocate around $50 million to $80 million each to two to three managers across credit-related opportunistic funds in the US and Europe.

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