K-Growth restructuring fund will tap into new sectors

Korea Growth Investment Corp (K-Growth) is expected to expand its corporate restructuring fund’s portfolio to include assets in sectors beyond traditional manufacturing. In January the fund of funds put 40 billion won ($35.3 million) into investment firm PS Alliance’s fund, […]

Teachers’ Pension commits to responsible investing policy

Teachers’ Pension has altered its investment policy to stress fiduciary duties as it takes its role as a responsible investor more seriously. The South Korean pension fund changed to its investment policy last month to clarify responsibilities of the fiduciary […]

NPS selects more overseas managers for alternative investment

The National Pension Service (NPS) has revealed that it hired another 15 overseas alternative investment managers in 2020, after having difficulties with the investment category due to the effects of the Covid-19 pandemic. It is focusing on overseas managers that […]

K-Growth to hire external verification service firm

Korea Growth Investment Corp (K-Growth) is seeking a service provider to help the fund of funds organization screen proposals submitted by investment firms. A request for proposals (RFP) issued last week said that the selected firm would be mainly responsible […]

LX Investment to create ESG blind-pool fund

Private equity (PE) firm LX Investment has almost finished fundraising for a blind-pool fund with a ESG (environment, social and governance) focus, and will start investing next month. The firm was awarded a mandate for the government’s New Deal fund […]

26 managers awarded $890 mln in New Deal investment mandates

Korea Development Bank (KDB) and Korea Growth Investment Corp (K-Growth) have finalized a list of 26 investment firms for New Deal mandates totaling about 1 trillion won ($890 million), according to a website announcement on Friday (February 26). It ends […]

NPS adds three more foreign alternatives managers to roster

The National Pension Service of South Korea (NPS) has added another pension fund and two investment firms to the pool of managers overseeing its foreign alternative investments, taking the total number to 162. Dutch pension fund APG, Melbourne-based IFM Investors […]

KEXIM integrates ESG factors into New Deal investment mandates

The Export-Import Bank of Korea (KEXIM) has integrated environmental, social and governance (ESG) factors into New Deal investment mandates, after the criteria was identified as a key priority for the state-run bank. A request for proposals (RFP) issued on February […]

NPS gears up for multi-asset investments

The National Pension Service of South Korea (NPS) has set criteria for selecting asset managers for a multi-asset strategy, which is another step towards diversifying the pension scheme’s exposure to alternative investments. Eligible candidates should have at least $500 million […]

KIC alters NAVs calculation process as it looks abroad

Korea Investment Corporation (KIC) has altered its rules to clarify responsibilities for calculating the net asset values (NAV) of its portfolio, as the South Korean sovereign wealth fund looks to increase its allocation to alternative investments abroad. The fund’s operation […]

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