News & Analysis

Korea Post Savings seeks secondaries PE managers

The South Korean government agency is looking to commit up to $200m to two secondaries PE funds.

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Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 141.84 trillion Korean won ($116 billion; €107 billion)
Allocation to alternatives: 8.56%

Korea Post Savings, the investment unit of Korea Post, has issued a request for proposal for international secondaries PE fund managers.

The firm plans to commit a total of $200 million to two managers. Eligible GPs should manage a closed-end commingled fund of at least $1 billion in size, with at least 50 percent of investment focused on developed countries including North America and Western Europe.

The submission deadline is 20 April 2022 with a decision put forth to the investment committee planned in July.

As illustrated below, the 141.84 trillion Korean won South Korean government agency has a 8.56 percent allocation to alternative investments.

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