POBA commits €120m to European private debt fund managers

The South Korean public pension fund has made commitments to three European private debt fund managers.

Institution: Public Officials Benefit Association
Headquarters: Seoul, South Korea
AUM: $12.2bn
Allocation to alternatives: 58.0%

The Public Officials Benefit Association has selected three European fund managers for its mid-market direct lending private debt funds. The pension has committed €40 million each to Hayfin Capital Management, Idinvest Partners and LGT Capital Partners.

As illustrated in the charts below, the $12.2 billion South Korean public pension has a 58.3 percent target allocation to alternative investment that currently stands at 58 percent.

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