South Korea’s SEMA seeks domestic blind-pool fund managers

SEMA hopes to commit 200bn Korean won to private real estate and private debt funds in the country.

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Institution: SEMA
Headquarters: Seoul, South Korea
AUM: 10.93 trillion Korean won ($8.30 billion, €7.60 billion)
Allocation to private real estate: 25.8%

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

The pension hopes to commit a total of 200 billion Korean won ($150 million; €140 million) to a maximum of four fund managers, with a focus on real estate senior debt strategy funds. Eligible managers need at least five years’ experience in the private equity industry with at least 500 billion won of real estate assets under management.

The submission date is 26 February and a decision will be put to the investment committee in early April.

The 10.93 trillion Korean won pension currently has a 25.8 percent allocation to private real estate.

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