Korea Post to commit $200 mn to global infrastructure funds

Korea Post’s savings arm will select two infrastructure fund houses to invest $200 million in overseas core infrastructure assets, according to its request for proposal (RFP) issued last week.

For the core equity strategy, the state-run agency will commit $100 million each to two selected firms. 

The US and Canada need to make up more than 70% of the planned $200 million investment, with greenfield projects accounting for less than 30%. Their fund size must be less than $12 billion, Korea Post said.

Korea Post will make the investment through a commingled fund and separately managed account.

It will receive proposals by Nov. 20 at 6 pm. (Seoul local time) and finalize the selection by Dec. 21. It calls on bidding companies to make a joint-presentation with a Korea-based company.
 
Yeonhee Kim edited this article.