Korea Post Savings seeks domestic logistics fund manager

The South Korean government agency is seeking a logistics fund manager in South Korea.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 104.98 trillion won
Allocation to alternatives: 8.0%

Korea Post Savings, the investment unit of Korea Post, has issued a request for proposal for a real estate fund manager in South Korea with a focus on the logistics sector.

The firm aims to commit 100 billion won ($84 million; €72 million) to the logistics fund. The eligible manager should manage a commingled fund, separately managed account or private REITs of at least 125 billion Korean won in size. Overseas managers with a corporate in South Korea can also apply.

The submission deadline is October 19, with a decision put forth to the investment committee planned for late November.

As shown below, the 104.98 trillion won South Korean government agency has an 8 percent allocation to alternative investments.

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