Woori, Posco PE fund targets overseas resources

Woori Asset Management has teamed up with Korean steelmaker Posco and US-based EIG Global Energy Partners to launch a private equity fund to invest in global natural resources. Korea’s National Pension Service is also putting money into the fund as it seeks to diversify its allocation to international alternative investments. According to Woori Financial Group filings with the US Securities & Exchange Commission, Woori Asset Management established Posco Woori EIG Global Fund…