Korea’s CWMAA seeks a global infrastructure manager

Institution: Construction Workers Mutual Aid Association
Headquarters: Seoul, South Korea
AUM: 3.85 trillion Korean Won
Allocation to alternatives: 26.0%

Construction Workers Mutual Aid Association has issued a request for proposal for a global infrastructure fund manager.

The pension aims to commit $25 million to a manager with either core, core-plus or value-added strategy. The committed capital should primarily be invested in developed markets including North America and Western Europe.

Eligible managers should have managed at least $300 million in infrastructure, with at least five years’ experience in the infrastructure industry.

The submission deadline is 9 August 2021, with a decision put forth to the investment committee on 30 September 2021.

As illustrated below, the 3.85 trillion Korean won ($3.34 billion; €2.84 billion) South Korean pension fund currently allocates 26.0 percent to alternative investments.

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