POBA eyes open-ended infra funds

The Seoul-based association favours high liquidity in open-ended funds.

Public Officials Benefit Association (POBA) considers investing in open-ended infrastructure funds to secure more liquidity in the state of an emergency.

The $9 billion pension has backed Macquarie Infrastructure Partners IV, Partners Group Global Infrastructure 2015 and Brookfield Infrastructure Fund III.

The association also looks to ramp up investments in separately managed accounts, co-investments, strategic joint investments.

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