[RFP] Korea Post seeks global private debt fund managers for up to $300 mn
May 17, 2017 (Gmt+09:00)
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Macquarie eyes its 1st Korean data center valued around $722 mn
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korea Post's savings unit announced a plan on May 17 to invest up to $300 million in overseas private debt funds focusing on mezzanine and distressed debt financing for non-control, and will receive proposals by 6 pm, May 26 (Korean standard time).
It plans to select one to three global private debt fund managers by the end of June, which have already launched or will launch the proposed fund by the second quarter of 2017.
It will commit a maximum $100 million to each fund which should have a minimum $500 million in assets.
It targets a net internal rate of return of 8% or higher, with the investment period of up to five years from final closing of the proposed fund.
Real estate direct lending, collateralized loan obligation and distressed debt for control strategies will be excluded.
Korea Post will require selected general partners (GPs) to provide attractive co-investment opportunities to enhance performance and networks with the South Korean agency, according to the RFP.
Yeonhee Kim edited this article
-
Pension fundsKorea’s military fund taps ex-president of Woori Financial as CIO
Jun 28, 2024 (Gmt+09:00)
-
-
Pension fundsKorea's NPS CIO talks with GPIF, GIC execs on asset allocation
Jun 24, 2024 (Gmt+09:00)
-
Foreign exchangeKorea FX authorities, NPS raise currency swap limit to $50 bn
Jun 21, 2024 (Gmt+09:00)
-
Private equityAffirma Capital seeks to sell entire stake in both SeAH FS, S&G Holdings
Jun 20, 2024 (Gmt+09:00)