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RFPs

Construction workers' fund invites bids for $25 mn infra mandate

Proposals for equity investments in global infrastructure are due by Aug. 9.

By Jul 20, 2021 (Gmt+09:00)

(Source: Getty Images Bank)
(Source: Getty Images Bank)

South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund.

The $4 billion savings fund will receive proposals by Aug. 9 and finalize the selection on Sept. 30, according to its RFP released on Monday.

For the mandate, it will make equity investments across core, core plus and value-add strategies with an investment period of up to 15 years. 

A qualified manager needs to have over $300 million in accumulated assets under management with experience of over three years.

As of the end of last year, fixed-income assets account for 60% of the savings fund's portfolio. Alternatives come next at 26%, including office buildings in Seattle and Sydney as well as an Amazon distribution center in Poland.

Write to Sang-eun Lucia Lee at selee@hankyung.com

Yeonhee Kim edited this article.

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