Yellow Umbrella approves €40m commitment

The South Korean mutual aid fund has backed a real estate debt fund.

Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 11.86 trillion Korean won
Allocation to alternatives: 13.60%

Yellow Umbrella has agreed to commit €40 million to LaSalle Real Estate Debt Strategies IV, a contact from the company confirmed to Private Debt Investor.

The 11.86 trillion Korean won ($10.21 billion; €8.70 billion) South Korean mutual aid fund has a 17.8 percent target allocation to alternative investments that currently stands at 13.6 percent.

As illustrated below, the mutual aid fund’s recent real estate commitment focused on debt strategy.

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