South Korea's Government Employees Pension Service, Seoul, is seeking two managers of commingled, global mezzanine-focused private debt funds to oversee $50 million each.
More than 50% of the funds' committed capital is to be invested in North America; less than 30% can be invested in equity.
The general partner of a fund must have been in business at least two years, and the size of the fund, invested in mezzanine and related strategies, must be at least $300 million.
Proposals are due by 6 p.m. Korea Standard Time on July 15. Final selections are expected by Aug. 24.