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POBA to increase exposure to US debt market

The $9.2 billion Korean pension fund issued a RFP for mid-market private debt fund managers.

Korea’s Public Official Benefit Association (POBA) has issued requests for proposal for mid-market senior-secured debt managers.

The pension fund revealed to PEI that it will focus on strategies featuring senior, senior stretch and unitranche structures. Whilst mandate sizes, terms and the number of managers are still being discussed internally.

As at end of 2016, POBA allocated 11.7 percent to corporate private investments including private equity and private credit out of the total AUM.