Korea Post to award $100 mil PE co-investment mandates Korean postal agency looks for two managers
Translated by Ryu Ho-joung 공개 2021-09-17 12:57:51
이 기사는 2021년 09월 17일 08:08 thebell 에 표출된 기사입니다.
Korea Post has issued a request for proposals (RFP) seeking private equity managers to explore overseas co-investment opportunities.The South Korean postal agency’s savings arm plans to award $50 million each to two managers to invest in private equity co-investment funds, the RFP said.
Eligible applicants must have a track record of managing co-investment commingled funds. Funds with strategies focused on specific sectors such as real estate, infrastructure and energy will not be considered.
The fund’s size should be at least $500 million with maturity of no more than 12 years. The selected funds should invest 50% or more of the fund size in developed markets such as North America and Western Europe.
Proposals are due on September 30, which will be followed by two rounds of evaluation and due diligence.
The first evaluation will be focused on quantitative measures, such as cumulative assets under management and investment performance.
In the second round of evaluation, the focus will be on the fund strategy, its suitability with regard to the agency’s investment goal and policy, the general partner’s ability to source deals, etc. The final selection is expected to be made before the end of the year.
Korea Post has continued to increase its allocation to alternative investments in recent years. Its savings arm had approximately 83 trillion won ($70.9 billion) in assets under management at the end of March this year, with exposure to alternative assets accounting for 5.98 trillion won or 6.7% of the total assets. (Reporting by Hee-yeon Han)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- [기업집단 톺아보기]'지주사' LX홀딩스는 왜 조용할까
- [밸류업 프로그램 리뷰]대우건설에 과연 주주환원 선택지는 없을까
- [K-배터리 파이낸스 분석]업계 부진 속 선방한 에코프로비엠, 배경에 '삼성SDI'
- [CFO는 지금]롯데하이마트, 금융비용 감수하고 늘린 유동성
- [밸류업 프로그램 리뷰]상신이디피, '미완의 승계' 우려에도…"밸류업 의지 커"
- [건설사 파이낸셜 뷰]'홀로서기' 도전 신세계건설, 내부거래 다시 상승
- [소노인터내셔널 2막]내실경영 강화, 부채비율 낮추기 '총력'
- [하나투어를 움직이는 사람들]송미선 대표, 위기를 기회로 바꾼 '결단의 리더십'
- [Peer Match Up/한샘 vs 현대리바트]사모펀드 vs 재계, 토종 가구회사의 '손바뀜'
- '적자 축소' 풀무원 해외 사업, 올해 흑자 원년 노린다