이 기사는 2020년 04월 22일 08:00 thebell 에 표출된 기사입니다.

The Pension Foundation of the General Assembly of the Presbyterian Church of Korea (PCK) has selected four managers in the investment program for its alternative portfolio.

The pension fund has picked Stonebridge Capital, a consortium of SKS Private Equity and Korea Investment Private Equity (KI PE), LB Private Equity and IMM Investment as its external alternative managers and notified them on April 20. IMM Investment has been selected as its external venture capital manager. The four firms have been selected as external managers thanks to their deal sourcing and management abilities.

The pension fund will commit a combined 40 billion won, with each firm expected to receive 10 billion won. Previously the pension fund shortlisted eight managers on March 31 and evaluated the candidates based on presentation and interviews.

The investment program is categorized into three parts: private equity and venture capital strategies, infrastructure strategies and real estate strategies. But it turned out that seven among eight shortlisted candidates were either private equity or venture capital firms, and all firms included in the final results were also either private equity or venture capital firms, indicating that the pension fund is putting its focus on private equity and venture capital strategies.

Last year the pension fund selected eight managers to allocate total 90 billion won to the alternative investment. Among private equity firms, IMM Investment and Keistone Partners were included in the final results, both of which received 10 billion won each from the pension fund.

(By reporter Kim Hye-ran)