Institution: National Pension Service of Korea (NPS)
Headquarters: Jeollabuk-do, South Korea
AUM: 807.3 trillion Korean won
Allocation to alternatives: 11.1%
National Pension Service of Korea (NPS) has agreed to commit $150 million to Stafford International Timberland Fund IX, which is managed by Stafford Capital Partners. By investing into the fund, NPS will get exposure to a diverse global timberland portfolio acquired mainly through secondaries strategy.
As illustrated below, this is the first time for the Korean pension to invest in a secondaries fund.
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