[RFP] GEPS to consider ESG factors for $100 mn PE secondaries
Aug 19, 2019 (Gmt+09:00)
NPS to cut global stocks under GP management, up its direct control
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
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)
Korean PE funds shrink in 2023 for first time in 7 years
![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)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
The Government Employees Pension Service (GEPS) will introduce environment, social and governance (ESG) factors as additional evaluation criteria for selecting two global investment managers to invest $100 million in private equity secondary funds.
GEPS plans to commit $50 million to each of two selected firms, according to its announcement last week. Single sector-focused funds will be excluded from the selection process.
It will be its third allocation to global PE secondary funds since it began the investment in 2014.
For the new mandate, fund houses are required to submit their ratings in the assessment report of the UN Principles for Responsible Investment.
GEPS will receive proposals by Thursday, August 22 and pick two management firms by around mid-October.
[download id="6768"]
[download id="6770"]
GEPS has been at the forefront of adopting responsible investment among South Korean pension funds.
Yeonhee Kim edited this article
-
Pension fundsNPS to cut global stocks under GP management, up its direct control
Jul 02, 2024 (Gmt+09:00)
-
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)