THE KOREA ECONOMIC DAILY, GLOBAL EDITION

The Public Officials Benefit Association (POBA) plans to commit up to $150 million to global blind-pool private equity funds for three types of strategy: buyout/growth, secondary and co-investment.

The $10 billion retirement fund for local government employees will receive proposals by May 29, 2018 at 3 p.m. (Korean standard time), it said in a statement on May 16.

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By Chang Jae Yoo

yoocool@hankyung.com

Edited by Yeonhee Kim