SEMA seeks domestic fund managers

The South Korean pension issues an RFP for local private real estate fund managers.

Institution: SEMA
Headquarters: Seoul, South Korea
AUM: 7.88 trillion won
Allocation to alternatives: 61.8%

SEMA has issued a request for proposal for domestic private real estate fund managers.

The pension plans to commit a total of 100 billion won ($84.6 million; €72.3 million) to at most two managers. Eligible managers should manage a fund of at least 100 billion won. The fund should be invested in the Seoul metropolitan area, with a focus on the residential, office and logistics sectors.

The submission deadline is 8 October. A decision is due to be put to the investment committee in late November.

The 7.88 trillion won pension allocates 24.1 percent of its investment portfolio to private real estate. Alternative investments constitute 61.8 percent of the pension’s entire portfolio.

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