Ardian, Veritas Capital, HPS Investment win POBA’s $150 mn PEF mandates
Oct 02, 2019 (Gmt+09:00)
When in S. Korea, it’s a ritual: Foreigners make stops at CU, GS25, 7-Eleven
Maybe Happy Ending: A robot love story that rewrote Broadway playbook
NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
US auto parts tariffs take effect; Korea avoids heavy hit
NCSOFT invests in US game startup emptyvessel
The Public Officials Benefit Association (POBA) has picked three global private equity firms as follows to commit $50 million to their blind-pool funds apiece, the South Korean retirement fund said on Oct. 2.
In July, it issued a request for proposal for the $150 million private equity investments.
Last year, Ardian, with $96 billion of assets under management, won a $50 million mandate from POBA for co-investment strategy.
The French investment company also received a $100 million mandate from Korea Post for secondaries investment in July.
POBA invests 54% of its $11 bilion assets in alternative assets and has been investing in global private equity funds since 2015.
By Hyun-il Lee
hiuneal@hankyung.com
Yeonhee Kim edited this article
-
-
Pension fundsNPS yet to schedule external manager selection; PE firms’ fundraising woes deepenMay 02, 2025 (Gmt+09:00)
-
Real estateMirae Asset to be named Korea Post’s core real estate fund operatorApr 29, 2025 (Gmt+09:00)
-
Asset managementMirae Asset bets on China as Korean investors’ US focus draws concernApr 27, 2025 (Gmt+09:00)
-
Alternative investmentsMeritz backs half of ex-manager’s $210 mn hedge fundApr 23, 2025 (Gmt+09:00)