KTCU approves £100m commitment

The South Korean pension has backed a real estate debt fund.

Institution: Korean Teachers’ Credit Union (KTCU)
Headquarters: Seoul, South Korea
AUM: 36.69 trillion Korean won
Allocation to alternatives: 56.4%

Korean Teachers’ Credit Union (KTCU) has committed £100 million ($141 million; €116 million) to GreenOak UK Secured Lending Fund III, a contact at the pension confirmed with Private Debt Investor. The vehicle is managed by BentallGreenOak.

As illustrated below, KTCU’s recent private debt commitments have been primarily to North American and Western European vehicles focused on the real estate sector. The South Korean pension allocates 56.4 percent of its full investment portfolio to alternative investments.

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