THE KOREA ECONOMIC DAILY, GLOBAL EDITION

The Public Officials Benefit Association (POBA) plans to commit $250 million to five private debt funds focusing on mid-cap companies in North America and Asia.

It will select four US-focused debt funds and one Asia-focused fund and commit $50 million apiece, according to investment banking sources.

The committed capital will be invested in senior-secured loans through direct lending, POBA said in a request for proposal posted last week.

But it did not disclose how much capital to commit to those funds.

Proposals need to be submitted via a brokerage company and to include the name of a Korean management company which the applicants want to work with for the mandate.

POBA will receive proposals by Sept. 26 at 3 p.m. (Korean standard time).

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By Jung-hwan Hwang

jung@hankyung.com

Edited by Yeonhee Kim