News & Analysis

Korea Post Insurance seeks secondaries private equity managers

The South Korean government agency wants to commit up to $200m to secondaries funds.

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Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: KRW$125.1trn ($104bn; €95bn)
Allocation to alternatives: 6%

Korea Post Insurance, the investment unit of Korea Post, has issued a request for proposal for secondaries private equity managers.

The firm aims to commit a total of $200 million to two secondaries managers. Eligible managers will have a secondaries fund of at least $1 billion in size. Pre-crisis (2008) vintages for secondaries funds will also be considered.

The submission deadline is 8 May 2020 with a decision put forth to the investment committee in late June.

As illustrated below, the Korean insurer allocates 1.3% of its investment portfolio to private equity.

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