THE KOREA ECONOMIC DAILY, GLOBAL EDITION

Korea Post’s insurance unit plans to select two global private debt managers to invest $200 million in direct loans, it announced on April 15.

Qualified candidates for the mandate need to be managing a commingled direct lending fund with a minimum size of $500 million as of a proposal submission date and to allocate at least 80% of committed capital to first lien loans.

It will commit $100 million to each of them for an investment period of four years which can be extended.

Korea Post will receive proposals by April 29 and finalize the selection in June.

It is the fourth mandate for Korea Post’s overseas alternative investment announced since the beginning of the year, after infrastructure, distressed debt and private equity secondary strategies for which it allocated $200 million, respectively.

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Edited by Yeonhee Kim