Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 24.7 trillion Korean won ($19.1 billion, €17.3 billion)
Allocation to alternatives: 28.0%
Yellow Umbrella has issued a request for proposal for domestic private real estate and private debt fund managers.
The pension hopes to commit a total of 600 billion Korean won ($450 million; €416 million) to a maximum of two fund managers, with a focus on the office and logistics sectors. Eligible managers need to have held assets worth at least 1 trillion won in the past year and should complete the fund formation six months after selection.
The submission date is March 8 and a decision will be put to the investment committee in mid-April.
The 24.7 trillion won pension currently has a 28 percent allocation to alternative investments.
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