KTCU approves £100m commitment

The South Korean pension has backed a real estate debt 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 ($141 million; €116 million) to GreenOak UK Secured Lending Fund III, a contact at the pension confirmed with PERE. The vehicle is managed by BentallGreenOak.

As illustrated below, KTCU’s recent fund commitments have targeted various real estate sectors and strategies. The South Korean pension currently allocates 18.3 percent of its full investment portfolio to private real estate.

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