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KTCU approves $100m commitment

The South Korean pension has backed a real estate fund.

Institution: Korean Teachers’ Credit Union (KTCU)
Headquarters: Seoul, South Korea
AUM: 36.69 trillion Korean won
Allocation to alternatives: 56.4%

Korean Teachers’ Credit Union (KTCU) has committed $100 million to Harrison Street Real Estate Partners VIII, a contact at the pension confirmed with PERE. It is the eighth flagship fund managed by Harrison Street Real Estate Capital.

As illustrated below, KTCU’s recent fund commitments have targeted various real estate sectors and strategies. The South Korean pension currently allocates 25.1 percent of its full investment portfolio to private real estate.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.