Korea’s GEPS names managers for PE portfolio

Korea’s Government Employees Pension Service (GEPS) selected three managers to manage its overseas private equity portfolio , underscoring ongoing interest in private investments by the region’s asset owners. The three fund managers, Apollo Asset Management, EQT AB and Warburg Pincus, were announced by the pension fund on its website last week. The managers will receive a combined $120 million in commitment, or $40 million each. Under the mandate, Apollo will chase buyout deals …