Skip to content
  • KOSPI 2745.82 -9.29 -0.34%
  • KOSDAQ 910.05 -1.20 -0.13%
  • KOSPI200 373.22 -0.86 -0.23%
  • USD/KRW 1349.5 -1.5 -0.11%
  • JPY100/KRW 891.79 -0.93 -0.1%
  • EUR/KRW 1458.54 -4.26 -0.29%
  • CNH/KRW 185.84 -0.41 -0.22%
View Market Snapshot

[RFP] Korea Post plans to invest $300 mn in real estate mezzanine debts

Apr 23, 2019 (Gmt+09:00)

1 Min read

Korea Post’s savings arm plans to invest around $300 million in mezzanine tranches on commercial properties in the US and other developed countries in 2019 for a gross IRR of 7% or above.


It will select about two fund houses for the mandate which can be undertaken either through a commingled fund or a separately managed account (SMA), Korea Post said on April 19.


It is targeting mezzanine debts, preferred equities and B-notes, with those from the US accounting for at least 50%.


Qualified candidates must manage more than $7 billion in real estate assets.


For a commingled fund type, the proposed fund size must be at least $500 million.


For an SMA type, the proposed investment structure must be co-investment with an overseas institutional investor such as a global pension fund and an insurance company.


The deadline for the proposals is May 7.


[download id="6125"]


[download id="6127"]


By Chang Jae Yoo


yoocool@hankyung.com



Yeonhee Kim edited this article

More to Read
Comment 0
0/300