[RFP] GEPS to consider ESG factors for $100 mn PE secondaries
Aug 19, 2019 (Gmt+09:00)
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
Samsung Elec vies for Johnson Controls' HVAC units
S.Korea's LS Materials set to boost earnings ahead of IPO process
Samsung to supply $752 million in Mach-1 AI chips to Naver, replace Nvidia
Solo Leveling: Arise, Netmarble's webtoon-based game to spur turnaround
The Government Employees Pension Service (GEPS) will introduce environment, social and governance (ESG) factors as additional evaluation criteria for selecting two global investment managers to invest $100 million in private equity secondary funds.
GEPS plans to commit $50 million to each of two selected firms, according to its announcement last week. Single sector-focused funds will be excluded from the selection process.
It will be its third allocation to global PE secondary funds since it began the investment in 2014.
For the new mandate, fund houses are required to submit their ratings in the assessment report of the UN Principles for Responsible Investment.
GEPS will receive proposals by Thursday, August 22 and pick two management firms by around mid-October.
[download id="6768"]
[download id="6770"]
GEPS has been at the forefront of adopting responsible investment among South Korean pension funds.
Yeonhee Kim edited this article
-
Corporate governanceJB investors urged to oppose Align's call for board overhaul
Mar 25, 2024 (Gmt+09:00)
-
Real estateKorean real estate firms put up for sale amid lasting market downturn
Mar 12, 2024 (Gmt+09:00)