Yellow Umbrella approves €40m commitment

The South Korean mutual aid fund has backed a real estate debt fund.

Institution: Yellow Umbrella
Headquarters: Seoul, South Korea
AUM: 11.86 trillion Korean won
Allocation to alternatives: 13.60%

Yellow Umbrella has agreed to commit €40 million to LaSalle Real Estate Debt Strategies IV, a contact from the company confirmed to PERE.

The 11.86 trillion Korean won ($10.21 billion; €8.70 billion) South Korean mutual aid fund has a 17.8 percent target allocation to alternative investments that currently stands at 13.6 percent.

As illustrated below, the mutual aid fund’s recent real estate commitment focused on debt strategy.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.