Institution: Public Officials Benefit Association
Headquarters: Seoul, South Korea
Allocation to alternatives: 58.0%
Public Officials Benefit Association has approved a KRW130 billion ($111.2 million; €99.9 million) commitment to AXA Logistics Europe Fund, a contact at the pension confirmed with PERE.
The Korean public pension currently allocates 33.10% of its investment portfolio to real estate, with an undisclosed target allocation.
As illustrated below, POBA has made five commitments to real estate funds with a 2018 or 2019 vintage which target a range of sectors across North America and Europe.
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