News & Analysis

Korea’s GEPS issues RFP for secondaries managers

The South Korean government pension fund wants to commit $100m in total.

-

Institution: Government Employees Pension Service
Headquarters: Jeju-do, South Korea
AUM: KRW8.83trn
Allocation to alternatives: 8.2%

Government Employees Pension Service is searching for two commingled funds by two managers in the global secondaries private equity market. GEPS will commit a maximum of $50 million to each chosen fund, a total of $100 million.

The proposal submission deadline is 22 August with a final selection made on 17 October.

Qualified candidates should have a minimum of two full years (since founded) in private equity secondaries with independent risk management and compliance functions.

As illustrated in the chart below, GEPS allocates 8.2 percent of its investment portfolio to alternative assets.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.