Korea Post Savings seeks infrastructure managers

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

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Institution: Korea Post
Headquarters: Sejong-si, South Korea
AUM: 133.86 trillion Korean won
Allocation to alternatives: 6.0%

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

The unit aims to commit a total of $200 million to at most two managers targeting core strategy, with 30 percent or less investing in greenfield if any.

The successful firms should manage a vehicle of less than $12 billion in size, with at least 70 percent of the capital raised investing in North America. The vehicle should be either a commingled fund or a separate managed account.

The submission date is 20 November and a decision will be put to the investment committee on 21 December.

As illustrated below, the 133.85 trillion Korean won ($120.5 billion; €101.9 billion) South Korean government agency has a 6 percent allocation to alternative investments.

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