[RFP] Korea Post seeks PE secondary funds for $200 mn mandate
By Apr 28, 2020 (Gmt+09:00)
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It will allocate $50 million to $100 million to each of the selected funds which need to manage a minimum $1 billion in a closed-end commingled fund, according to Korea Post’s request for proposal released on April 27.
Another requirement is a track record of secondary commingled fund management before the 2008 financial crisis.
Qualified private equity funds also need to enter into a distribution agreement with a registered Korean distributor for their funds when they submit a proposal.
Korea Post will receive proposals for the mandate by May 8 at 13:00 (Seoul time) and finalize the selection by the end of June.
Sector-focused funds such as real estate, infrastructure and energy-focused vehicles will be excluded from the selection process.
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Write to Jung-hwan Hwang at hwang@hankyung.com
Yeonhee Kim edited this article
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