Pension fund
Ardian, Veritas Capital, HPS Investment win POBA’s $150 mn PEF mandates
Oct 02, 2019 (Gmt+09:00)
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The Public Officials Benefit Association (POBA) has picked three global private equity firms as follows to commit $50 million to their blind-pool funds apiece, the South Korean retirement fund said on Oct. 2.
In July, it issued a request for proposal for the $150 million private equity investments.
Last year, Ardian, with $96 billion of assets under management, won a $50 million mandate from POBA for co-investment strategy.
The French investment company also received a $100 million mandate from Korea Post for secondaries investment in July.
POBA invests 54% of its $11 bilion assets in alternative assets and has been investing in global private equity funds since 2015.
By Hyun-il Lee
hiuneal@hankyung.com
Yeonhee Kim edited this article
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