Korea Post Insurance seeks infrastructure debt managers

The South Korean government agency is looking to commit up to $200m to two infrastructure debt funds.

Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 141.84 trillion won ($116 billion; €107 billion)
Allocation to alternatives: 8.56%

Korea Post Insurance, the investment unit of Korea Post, has issued a request for proposal for international infrastructure debt fund managers.

The unit aims to commit a total of $200 million to two managers. Eligible GPs should manage a fund of at least $500 million in size, with at least 80 percent of investment in either senior or junior loans, focused on developed regions including North America, Europe and Oceania. They should also have managed more than $10 billion in AUM in infrastructure funds.

The submission deadline is 2 May, 2022, with a decision to be put to the investment committee in June.

As illustrated below, the 141.84 trillion won South Korean government agency has an 8.56 percent allocation to alternative investments.

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