Korea’s Yellow Umbrella seeks domestic real estate fund managers

The South Korean pension issues a RFP for domestic real estate managers.

Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 17.74 trillion won
Allocation to alternatives: 23.46%

Yellow Umbrella aims to commit 300 billion won ($243.2 million; €223.4 million) to two real estate blind-pool funds in South Korea. The submission deadline is 17 February. The investment committee plans to make a decision in late April.

The 17.7 trillion won South Korean pension has a 28.2 percent target allocation to alternative investments that currently stands at 23.46 percent.

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