Searches and Hires

Korea Post Insurance seeks venture capital fund-of-funds manager

Korea Post Insurance, Sejong City, is searching for a manager to run $50 million in an overseas venture capital fund-of-funds strategy.

The strategy, which can include primary, secondary and direct or co-investment funds but no hedge fund vehicles, can be either commingled or separately managed.

A detailed copy of the RFP can be found by clicking on the 2018-103 item on the Korean language version of the Korea Post website and then opening the Adobe file.

Interested parties must submit proposals to the $45 billion insurance heavyweight by 6 p.m. Seoul time on Sept. 20. An initial selection and a second evaluation, for selected candidates, will be conducted in October, followed by on-site due diligence in November.