Searches and Hires

Korea Post Savings seeks private equity secondaries managers

Korea Post Savings, the $75 billion Sejong-based investor, is looking for up to two managers of private equity secondary strategies to manage as much as $100 million each.

Interested managers must have closed-end commingled funds with a minimum size of $1 billion, and include vintages preceding the global financial crisis of 2008. General partners, meanwhile, must contribute a minimum of 1% of limited partner commitments.

The RFP is available on the Korea Investment Management Association website. Proposals are due by 6 p.m. Korea Standard Time time on April 12.

A spokesman said the RFP is Korea Post's second for private equity secondaries, following $150 million in mandates awarded in 2012.