Pension funds

GCM Grosvenor wins POBA's $300 mn infra SMA mandate

Jul 19, 2021 (Gmt+09:00)

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South Korea's Public Officials Benefit Association (POBA) has recently picked GCM Grosvenor, a US alternative investor, as its new separate account manager to invest $300 million in private infrastructure, according to a local newspaper report.

The separately managed account (SMA) will target privately owned or unlisted infrastructure in North America, Europe, Australia and Asia with an investment period of 13 years, which can be extended by two years, the Financial News reported last week.

The ...

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