Korea’s 436 trillion won ($426 billion) National Pension Service will invest 400 billion won in a private equity co-investment fund managed by Hamilton Lane Advisors, said a Seoul-based NPS spokeswoman.
Further details about the allocation weren’t released. A Hamilton Lane spokesman declined to comment.
As of March 31, NPS had roughly 5.2 trillion won allocated to overseas private equity — just less than a quarter of its overseas alternatives allocations and roughly 1.2% of its total portfolio, according to data on the NPS website.
NPS executives have reiterated that the fast-paced growth of their portfolio — through investment opportunities in Korean capital markets and real assets — has led them to focus more on investments overseas.