Skip to content
  • KOSPI 2663.34 +48.85 +1.87%
  • KOSDAQ 872.87 +23.64 +2.78%
  • KOSPI200 357.98 +9.40 +2.70%
  • USD/KRW 1202.4 5.40 0.45%
  • JPY100/KRW 1,042.8 -0.56 -0.05%
  • EUR/KRW 1,340.07 -5.48 -0.41%
  • CNH/KRW 189.34 0.22 0.12%
View Market Snapshot
Private equity

[RFP] Korea Post seeks PE secondary funds for $200 mn mandate

Apr 28, 2020 (Gmt+09:00)

Korea Post’s insurance arm plans to select two global private equity funds to invest up to $200 million in private equity secondary markets in 2020.

It will allocate $50 million to $100 million to each of the selected funds which need to manage a minimum $1 billion in a closed-end commingled fund, according to Korea Post’s request for proposal released on April 27.

Another requirement is a track record of secondary commingled fund management before the 2008 financial crisis.

Qualified private equity funds also need to enter into a distribution agreement with a registered Korean distributor for their funds when they submit a proposal.

Korea Post will receive proposals for the mandate by May 8 at 13:00 (Seoul time) and finalize the selection by the end of June.

Sector-focused funds such as real estate, infrastructure and energy-focused vehicles will be excluded from the selection process.

[download id="8162"]

By Jung-hwan Hwang

hwang@hankyung.com

Yeonhee Kim edited this article

Comment 0
0/300