Institution: Korea Post
Headquarters: Sejong-si, South Korea
Allocation to alternatives: 5.0%
Korea Post Savings, the investment unit of Korea Post, has issued a request for proposal to real estate fund managers with a focus on mezzanine strategy. It aims to commit a total of $300 million to two managers through either closed-end commingled funds or separately managed accounts focusing on commercial properties in OECD countries.
The successful firms should have at least $7 billion assets under management, with vehicles of at least $500 million in size. The investor has issued a submission deadline of 7 May and will put a decision forth to their investment committee in June.
As illustrated below, the $105.36 billion South Korean government agency currently has a five percent allocation to alternative investments.
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