Interview

NongHyup looks to expand KIC co-investment beyond PE

Chae-Yeon Kim

Nov 06, 2020 (Gmt+09:00)

South Korea’s National Agricultural Cooperative Federation (NACF), or NongHyup Bank, is willing to expand its co-investment partnership with Korea Investment Corporation (KIC) into real estate and infrastructure beyond private equity, the cooperative’s Chief Investment Officer Park Hak-joo said.

NongHyup launched a $400 million joint venture with the sovereign wealth fund in July to co-invest in overseas private equity deals, as it gears up to increase alternative investment. In the venture, NongHyup will inject $100 million.

“KIC ...