Korea NPS reshuffle
Scope
Date
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NPS buys stake in One Vanderbilt in NYC for $500 mn
The National Pension Service has secured a second-largest shareholder position with a 27-percent stake in a landmark building currently under construc...
Jan 31, 2017 (Gmt+09:00)
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KIC, NPS agree not to hire each other’s ex-fund managers: report
Korea Investment Corporation (KIC), a sovereign wealth fund, has agreed with the National Pension Service (NPS) not to employ each other’s former inve...
Jan 26, 2017 (Gmt+09:00)
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Korea to ease rules on insurers’ currency hedging of offshore investment
South Korea will loosen regulations in relation to the currency hedging of insurance companies’ cross-border investments, which have been blamed to in...
Jan 25, 2017 (Gmt+09:00)
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NPS to empower overseas offices to speed up cross-border deals
The National Pension Service (NPS) has announced a plan to give its foreign offices more authority so that they can propose investment ideas directly ...
Jan 20, 2017 (Gmt+09:00)
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Korea Teachers’ Pension to invest $75 mn in buying Australia’s office building
South Korea’s Teachers’ Pension will acquire an office building in Brisbane, Australia which the Brisbane city government has signed a con...
Jan 19, 2017 (Gmt+09:00)
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Korea Post’s savings arm targets 2-3% medium-risk assets; keen on CMBS, CLO: report
Korea Post’s Savings Bureau has been shifting overseas investment focus into relatively low-risk assets such as fixed-income assets since last year to...
Jan 12, 2017 (Gmt+09:00)
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NPS, KIC commit $371 mn to BC Partners’ $7.4 bn buyout fund
The National Pension Service (NPS) and the Korea Investment Corporation (KIC), two major South Korean investors, were confirmed to invest a combined &...
Jan 10, 2017 (Gmt+09:00)
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Korea Investment-led firms to buy EU parliament building for $224 mn
A consortium of Korea Investment & Securities Co. Ltd. and Hana Asset Management Co. Ltd. are tapping domestic institutional investors to acquire ...
Jan 10, 2017 (Gmt+09:00)
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Korea’s JB Asset to buy Comcast’s new office building in Denver for $72 mn
JB Asset Management Co. Ltd., a unit of a South Korean provincial bank, has been named as a preferred buyer of a new office building in Denver which C...
Jan 09, 2017 (Gmt+09:00)
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NPS picks Albourne Partners to review hedge fund risks
South Korea’s National Pension Service (NPS) has selected London-based consultancy, Albourne Partners Ltd., as an advisor to undertake operational due...
Jan 09, 2017 (Gmt+09:00)
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NPS concerned over loss of trust; CIO calls for going back to basics
The ongoing investigations into the National Pension Service (NPS) by special prosecutors have crippled the South Korean fund’s operations, and its ch...
Jan 03, 2017 (Gmt+09:00)
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NPS promotes domestic alternative head to lead investment strategy
South Korea’s National Pension Service (NPS) appointed Soo-Cheol Lee, who leads domestic alternative investments, as the new head of the pension fund’...
Jan 02, 2017 (Gmt+09:00)
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NPS puts aside 2017 asset management plans after chief detained
South Korea’s National Pension Service (NPS) has indefinitely postponed a committee meeting set for Dec. 30 aimed at reviewing this year’s investment ...
Dec 29, 2016 (Gmt+09:00)
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Korea military fund mulls investing in PDF, NPL fund in 2017: report
The Military Mutual Aid Association (MMAA), South Korea’s $8 billion savings fund, is studying investing in offshore private debt funds (PDFs) and non...
Dec 20, 2016 (Gmt+09:00)
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Korea public officials’ fund sees 3-4 Europe property buys after $101 mn German deal
The Public Officials Benefit Association (POBA) has signed a final agreement to acquire a 10-story office building in the southern part of Hamburg, Ge...
Dec 20, 2016 (Gmt+09:00)
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Korea teachers’ fund to invest $52 mn in Europe bank loans-buying fund
Korean Teachers’ Credit Union (KTCU) has decided to commit €50 million ($52.4 million) to a $1.5 billion~$2 billion fund which will take over senior s...
Dec 16, 2016 (Gmt+09:00)
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Blackstone may inject $200 mn into Korea fund for 6~7 logistics center purchase
The Blackstone Group L.P. is understood to commit about $200 million to a South Korean fund to finance its 70 billion won ($59 million) acquisition of...
Dec 15, 2016 (Gmt+09:00)
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Korea teachers’ fund eyes CLOs, PEFs as market volatility seen up in 2017: report
Korean Teachers’ Credit Union (KTCU), the largest savings fund in South Korea, sets its eyes on offshore collateralized loan obligations (CLOs), priva...
Dec 15, 2016 (Gmt+09:00)
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NPS fund division's 2nd in command offers to quit; tapped as NH Investment’s PE head
The National Pension Service’s (NPS) investment strategy head, Young-Sig Yang, has recently tendered a resignation and was appointed as the private eq...
Dec 14, 2016 (Gmt+09:00)
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KTB, Korea Investment launch $85 mn aircraft fund to buy Airbus A330
Two South Korean brokerage companies - KTB Investment & Securities Co. Ltd. and Korea Investment & Securities Co. Ltd. – set up a $85 million ...
Dec 14, 2016 (Gmt+09:00)
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MBK Partners closes $4.1 bn fund, above funding target; NPS opts out
Asia’s biggest private equity firm, MBK Partners, has raised $4.1 billion for its fourth fund, exceeding the target of $3.5 billion and more than ...
Dec 07, 2016 (Gmt+09:00)
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KKR’s securitized debt attracts $210 mn from Korea’s Lotte, Hana: report
South Korea’s Hana Asset Management Co. Ltd. will invest $110 million in principal-protected debt issued by Kohlberg Kravis Roberts (KKR) & Co. on...
Nov 30, 2016 (Gmt+09:00)
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Chronology: Korea’s sprawling political scandal hits NPS over Samsung units’ merger
The following are key events in relation to Samsung C&T Corporation’s takeover of affiliate Cheil Industries Inc. in 2015, and prosecutors’ invest...
Nov 29, 2016 (Gmt+09:00)
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Q&A: NPS embroiled in Korea’s political scandal over Samsung units’ merger
South Korea’s National Pension Service (NPS), the world’s third-largest pension scheme with $460 billion in assets under management, is engulfed in on...
Nov 29, 2016 (Gmt+09:00)
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Korea Post awards $300 mn mandates to 3 private debt managers
Korea Post’s savings arm has awarded offshore private debt mandates worth a combined $300 million to Guggenheim Partners, Park Square Capital and Part...
Nov 18, 2016 (Gmt+09:00)
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GIC, NPS invest $136 mn each in Korea’s retail complex near Seoul
The Government of Singapore Investment Corporation (GIC) and the National Pension Service (NPS) have bought equity stakes in a fund launched to buy a ...
Nov 17, 2016 (Gmt+09:00)
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NPS sees alternative divisions regrouped by asset class, creating deputy CIO roles
The National Pension Service (NPS) is seeking to reclassify its alternative investment divisions, currently divided into domestic and global assets, i...
Nov 15, 2016 (Gmt+09:00)
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Mizuho, Korea's Mertiz to launch $900 mn fund to buy 20 aircraft portfolio from GE
Mizuho Securities Co. Ltd. and South Korea’s Meritz Securities Co. Ltd. will set up a fund of about $900 million to acquire a 20 aircraft portfolio fr...
Nov 07, 2016 (Gmt+09:00)
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[Interview] NPS eyes equity stakes in foreign infrastructure firms: CIO
South Korea’s National Pension Service (NPS) will chase equity stakes in foreign companies running power, harbor and road projects, as it is seeking t...
Oct 24, 2016 (Gmt+09:00)
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[ASK 2016 SUMMIT] NPS slows offshore property purchase; calls for customized proposal from GPs
The global alternative investment head of the National Pension Service (NPS), Sang-Hyun Yoo, cautioned about the heightened competition and price spik...
Oct 23, 2016 (Gmt+09:00)
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