Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 141.95 trillion won
Allocation to alternatives: 8.45%
Korea Post has issued a request for proposal for real estate funds focused on core or core-plus strategies in Europe.
The firm plans to commit a total of €200 million to two managers. Eligible managers should manage a vehicle of at least €500 million, which can be either a commingled or an open-end fund. The successful firms should have managed at least €5 billion in their global real estate portfolio, in which at least €2 billion should be invested in Europe-focused real estate funds.
The submission deadline is 17 December. The investment committee plans to make a decision in March 2022.
As shown below, the 141.95 trillion won South Korean government agency has an 8.45 percent allocation to alternative investments.
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