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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