Private equity
[RFP] Korea Post seeks PE secondary funds for $200 mn mandate
By Apr 28, 2020 (Gmt+09:00)
1
Min read
Most Read
Samsung shifts to emergency mode with 6-day work week for executives
Alibaba eyes 1st investment in Korean e-commerce platform
Blackstone signs over $1 bn deal with MBK for 1st exit in Korea
NPS loses $1.2 bn in local stocks in Q1 on weak battery shares
MBK eyes stake in Korean software developer Tmaxsoft
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"]
Write to Jung-hwan Hwang at hwang@hankyung.com
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"]
Write to Jung-hwan Hwang at hwang@hankyung.com
Yeonhee Kim edited this article
More to Read
-
Pension fundsNPS loses $1.2 bn in local stocks in Q1 on weak battery shares
Apr 21, 2024 (Gmt+09:00)
Comment 0
LOG IN