Institution: Construction Workers Mutual Aid Association
Headquarters: Seoul, South Korea
AUM: 4.59 trillion won ($3.46 billion; €3.16 billion)
Allocation to alternatives: 27.2%
Construction Workers Mutual Aid Association has issued a request for proposals from global secondaries fund managers investing in corporates.
The firm aims to commit $25 million each to three managers. Eligible managers should manage a secondaries portfolio of at least $300 million, and have fund managers who possesses at least 5 years experience in the secondaries investment.
The submission deadline is 24 May, with a decision put forth to the investment committee in mid July 2023.
The 4.59 trillion won South Korean pension has a 27.2 percent allocation to alternative investments.
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