NPS taps Macquarie, IMM, Hahn & Co. as private equity managers

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Friday it has hired Macquarie Asset Management, IMM Private Equity and Hahn & Co. as its domestic private equity managers.

The pension fund will commit a combined 800 billion won ($605.8 million) to the three general partners. Each asset management firm will operate funds with a five-year-investment period and 10-year maturity.

The pension giant manages 975.6 trillion won in assets as of April 30. Alternative assets, such as equity, fixed-income and real assets in private markets, account for 16.1% of the investment portfolio.

Write to Byeong-Hwa Ryu at hwahwa@hankyung.com
Jihyun Kim edited this article.