NPS to put money into co-investment funds for first time in four years RFP is expected to be issued by late March
Translated by Ryu Ho-joung 공개 2021-03-19 13:57:48
이 기사는 2021년 03월 19일 10:31 thebell 에 표출된 기사입니다.
The National Pension Service of South Korea (NPS) plans to make commitments to co-investment funds for the first time in four years, after two co-investment funds previously created have been fully deployed.The 833.7 trillion won ($743.4 billion) pension fund will issue a request for proposal (RFP) later this month to allocate money to private equity including co-investment funds, industry sources said.
“Two co-investment funds that NPS participated in as an anchor about four years ago have been fully invested,” a source said. “NPS plans to select new managers for the strategy.”
The pension fund started to allocate money to co-investment funds in 2017, when it issued a RFP seeking managers for private equity mandates totaling 1.55 trillion won, with 400 billion won allocated to co-investments.
At the time, more than 10 managers submitted proposals. After weeks of the selection process, Daishin Private Equity and a consortium of Shinyoung Securities and SK Securities were awarded co-investment mandates of 200 billion won apiece.
With co-investment funds, the pension fund can make investment decisions more quickly when investment opportunities arise, industry watchers said. For blind-pool funds, general partners need to get approval from limited partners, like NPS, to deploy additional capital to an investment.
In 2017, NPS committed capital worth 60% to 80% of the fund and general partners were required to commit more than 20% of the fund. The fund’s life was 10 years, which can be extended twice for one year each, with the investment period of 5 years. (Reporting by Byung-yoon Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- 현대건설, '힐스테이트 죽림더프라우드' 분양 중
- [Red & Blue]새내기주 한싹, 무상증자 수혜주 부각
- 아이티센, 일본 IT서비스 시장 공략 '잰걸음'
- 소니드로보틱스, 온디바이스 비전 AI ‘브레인봇’ 공개
- (여자)아이들 '우기’, 초동 55만장 돌파 '하프밀리언셀러'
- [ICTK road to IPO]미국 국방산업 타깃, 사업 확장성 '눈길'
- [Red & Blue]'500% 무증' 스튜디오미르, IP 확보 '성장동력 발굴'
- [코스닥 주총 돋보기]피엔티, 이사회서 드러난 '중국 신사업 의지'
- [thebell note]XR 기술의 사회적 가치
- [Rating Watch]SK하이닉스 글로벌 신용도 상향, 엔비디아에 달렸다?