Construction workers' fund invites bids for $25 mn infra mandate
Proposals for equity investments in global infrastructure are due by Aug. 9.
By Jul 20, 2021 (Gmt+09:00)
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South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund.
The $4 billion savings fund will receive proposals by Aug. 9 and finalize the selection on Sept. 30, according to its RFP released on Monday.
For the mandate, it will make equity investments across core, core plus and value-add strategies with an investment period of up to 15 years.
A qualified manager needs to have over $300 million in accumulated assets under management with experience of over three years.
Write to Sang-eun Lucia Lee at selee@hankyung.com
Yeonhee Kim edited this article.
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