In focus: Korean asset owners step up local alternatives mandates
Institutional investors are making new allocations despite the limited scope of local private markets. A weak won is a major factor for the home bias.
Korean asset owners are putting their faith in domestic private markets, according to recent requests for proposals (RFPs).
Yellow Umbrella Mutual Aid Fund, the public pension fund operated by the Korea Federation of Small and Medium Business, announced on July 27 a RFP for domestic private equity fund managers for mandates of a total size of up to W260 billion.
The pension fund aims to commit funds to up to six asset managers.
Teachers’ Pension Korea on July 24 also shared an…
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