National Pension Service hires four PEFs to run its funds

By Korea Herald

Published : June 30, 2016 - 16:14

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[THE INVESTOR] South Korea’s National Pension Service has named four private equity firms to run 700 billion won (US$607 million) of its funds, the pension giant said on June 30.

The NPS, which oversees $430 billion in assets, hired VIG Partners and Skylake Investment to manage investment in large-cap companies with 250 billion won of entrusted funds for each.

Some 200 billion won will be allocated to Lindeman Asia Investment and SG Private Equity -- 100 billion won each -- to make investments in midsized companies.

By early July, the NPS plans to choose eight PEFs that will run venture funds to invest in small, early-stage, emerging firms that are deemed to have high growth.

By Park Han-na (hnpark@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

National Pension Service hires four PEFs to run its funds

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