South Korea’s GEPS seeks secondaries private equity managers

The government agency is looking to commit up to $100m to global secondaries private equity managers.

Institution: Government Employees Pension Service
Headquarters: Jeju-do, South Korea
AUM: 9.53 trillion won ($7.55 billion; €7.11 billion)
Allocation to alternatives: 19.5%

Government Employees Pension Service of South Korea has issued a request for proposal for global secondaries private equity managers.

Eligible managers should manage a secondaries vehicle of at least $500 million in size, and $1 billion or above for secondaries private equity strategy. The firm must also have operated for at least five years.

The submission deadline is 31 May, with the investment committee planning to make a decision in August.

As shown below, the 9.53 trillion won South Korean government agency has a 19.5 percent allocation to alternative investments.


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