KKR NPS
Scope
Date
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Mergers & Acquisitions
NPS to veto Korean Air's acquisition of Asiana Airlines
The National Pension Service, the No. 2 shareholder of Korean Air Lines Co., will vote against the flag carrier’s plan to acquire Asiana Airli...
Jan 05, 2021 (Gmt+09:00)
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Pension funds
NPS mandates Russell to invest $1 bn in listed real estate
The National Pension Service has mandated Russell Investments to invest $1 billion in listed real estate companies or real estate investment trusts ...
Dec 24, 2020 (Gmt+09:00)
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Pension funds
NPS set to post 7% return on investment for 2020 amid pandemic
South Korea’s state pension fund is expected to post a 7% return on investment this year on the back of rebounding stock markets amid the COVI...
Dec 17, 2020 (Gmt+09:00)
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Private equity
NPS, Korea Post back JKL Partners' $687 mn PE fund
South Korea's JKL Partners has closed a 750 billion won ($687 million) private equity fund, backed by the National Pension Service, Korea Developmen...
Dec 14, 2020 (Gmt+09:00)
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Joint venture
NPS, Hines set up $1.5 bn build-to-core strategy JV
The National Pension Service has set up a $1.5 billion joint venture with the US-based real estate investment firm Hines for a build-to-core portf...
Dec 11, 2020 (Gmt+09:00)
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Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Shinhan, Hana fund KKR’s $5.6 bn UK deal with $63 mn in loans
Two leading South Korean banks – Shinhan and Hana – have provided a combined 47 million pounds ($63 million) in senior loans to finance ...
Dec 04, 2020 (Gmt+09:00)
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Alternative investments
NPS acquires $2 bn US logistics portfolio with Stockbridge
The National Pension Service has teamed up with the US-based Stockbridge Capital Group to acquire a $2 billion portfolio of logistics facilities in ...
Dec 04, 2020 (Gmt+09:00)
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Artificial intelligence
NPS adds KKR, two global alternatives managers in Q3
The National Pension Service has added KKR and Sydney-based Scape Australia Management to its pool of 54 global real estate investment managers in...
Nov 26, 2020 (Gmt+09:00)
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Shareholder activism
NPS set to up pressure on spicy Korean ramen exporter
The National Pension Service has signaled a possible exercise of shareholder rights against South Korea’s No. 3 instant noodle maker Samyang Foo...
Nov 18, 2020 (Gmt+09:00)
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Batteries
NPS dumps $265 mn LG Chem shares after spin-off announcement
The National Pension Service, the No. 2 shareholder in South Korea's LG Chem Ltd., has sold off around 300 billion won ($265 million) worth of shares ...
Nov 05, 2020 (Gmt+09:00)
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ASK 2020
KIC, NPS to boost customized hedge fund investments
South Korea's sovereign wealth fund, Korea Investment Corp. (KIC), and the National Pension Service are looking to boost hedge fund investment through...
Nov 02, 2020 (Gmt+09:00)
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Private equity
NPS, KTCU commit $200 mn to US tech-focused PEF
The National Pension Service and the Korean Teachers’ Credit Union (KTCU) have committed a combined $200 million to technology-focused Thoma Bra...
Nov 02, 2020 (Gmt+09:00)
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Forex management
NPS to manage FX exposure via derivatives
The National Pension Service will begin to manage foreign currency risk through derivatives trading, as the $690 billion pension fund is aiming to boo...
Oct 30, 2020 (Gmt+09:00)
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Pension funds
NPS to ease hedge fund transparency requirements
The National Pension Service will loosen transparency requirements on hedge funds to increase the pool of its hedge fund management firms, in efforts ...
Oct 30, 2020 (Gmt+09:00)
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Shareholder value
LG Chem’s No. 2 shareholder NPS opposes battery spin-off
South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...
Oct 28, 2020 (Gmt+09:00)
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Infrastructure fund
KKR’s $3 bn Asia infra fund to raise $200 mn from Korea
South Korean pension funds and insurance companies will commit $200 million in aggregate to KKR’s first Asia infrastructure fund targeting to ra...
Oct 27, 2020 (Gmt+09:00)
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Alternatives
Korean insurers, Shinhan Alternative commit $130 mn in KKR CMBS fund
South Korea's insurers along with Shinhan Alternative Investment Management Inc. have committed $130 million in the real estate stabilized credit (RES...
Oct 23, 2020 (Gmt+09:00)
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Pre-IPOs
KKR mulls investment in Hyundai Heavy's maintenance arm
South Korea's leading shipbuilder Hyundai Heavy Industries Holdings Co. is in talks with global private equity firm KKR to secure investments as part ...
Oct 23, 2020 (Gmt+09:00)
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Pension funds
NPS forms co-investment partnership with Dutch pension
The National Pension Service has formed a strategic alliance with Dutch pension fund manager APG, through which they recently made co-investments in A...
Oct 20, 2020 (Gmt+09:00)
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Waste management
KKR buys $386 mn stake in Korean sewage disposal firm
KKR & Co. has purchased a combined 440.8 billion won ($386 million) worth of shares in TSK Corp., a leading South Korean sewage and wastewater tre...
Oct 19, 2020 (Gmt+09:00)
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M&As
CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
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M&As
CJ Logistics, NPS eyeing to sell Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
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CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
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Pension funds
NPS extends term for CIO Ahn Hyo-joon; likely to drive overseas investment
Ahn Hyo-joon, the incumbent chief investment officer at the National Pension Service will see his term extended by one year, the NPS and the Ministry ...
Oct 06, 2020 (Gmt+09:00)
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National Pension Service
NPS to cease paying management fees for Korean PEF project funds
The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...
Sep 17, 2020 (Gmt+09:00)
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Private equity
KKR’s strategic relationship with Shinhan Financial fizzles
Back in 2018, KKR & Co. tentatively agreed to buy a minority stake in South Korea’s Shinhan Financial Group to build a strategic relationshi...
Sep 15, 2020 (Gmt+09:00)
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Pension funds
NPS looks to expand scope of ESG criteria to step up responsible investment
The National Pension Service (NPS) is seeking to incorporate environmental, social and governance (ESG) criteria into domestic equity and bond investm...
Sep 08, 2020 (Gmt+09:00)
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Alternative investment
NPS adds six global alternative investment managers in Q2
The National Pension Service has added three real estate investment firms, two infrastructure managers and one private equity and debt investment hous...
Sep 02, 2020 (Gmt+09:00)
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Pension fund
Kim Yong-jin officially appointed as NPS’ new CEO, likely to drive decision over CIO status
Kim Yong-jin, the former second vice finance minister of President Moon Jae-in’s government between mid-2017 and 2018, has been chosen as the Na...
Aug 31, 2020 (Gmt+09:00)
Latest News
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