Korea Post Savings, Seoul, is searching for direct lending, U.S. fixed-income and global real estate managers, said RFPs posted on its website.
The fund will hire one to three offshore private equity fund managers of senior direct lending funds, focused mainly on North America or Europe, with plans to commit roughly $100 million per fund. Proposals are due by 6 p.m. Seoul time on June 10, with final selections due by the end of July. Korea Post’s commitment can’t account for more than 25% of the size of the funds selected, which must have minimum assets of $500 million.
Korea Post’s Savings Bureau is also looking to hire two overseas fixed-income managers of U.S. investment-grade corporate credit funds. Proposals are due by 6 p.m. Seoul time June 7, with final selections to be made in July.
Also, on behalf of its insurance bureau, it is searching for global real estate managers for core or core-plus strategies in open-end funds. Proposals are due by 6 p.m. Seoul time May 30, with final selections due July 15.
The real estate and direct lending RFPs are available on Korea Post’s website. The fixed-income RFP is also available on KPS’ website.
Further information on the allocation sizes for the fixed-income and real estate searches could not be learned by press time. Korea Post officials could not be reached.