News & Analysis

POBA issues RFP for secondaries managers

The Seoul-based public pension scheme seeks opportunities within the secondaries market, private equity, and private debt.

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Institution: Public Officials Benefit Association
Headquarters: Seoul, South Korea
AUM: $10.41bn
Allocation to alternatives: 58.0%
Bitesize: KRW200m-KRW500m

Public Officials Benefit Association (POBA) aims to commit a total of $150 million to opportunities within the secondaries market, private equity, and private debt.

POBA expects the selected managers to reach at least 60 percent of the target fund size within 12 months after the Association decides on the funds on 19 September 2019. The submission deadline is 29 July 2019.

As illustrated in the charts below, POBA allocates 58 percent of its investment portfolio to alternative assets.

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