TPG to buy stake in Korea’s taxi hailing app for $437 mn

TPG will buy about a 30% stake in South Korea’s top taxi-hailing and chauffeur services provider for 500 billion won ($437 million), in its first deal...

[RFP] POBA seeks private credit SMA managers for $200 mn

The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via sep...

Korean brokerage firms buy two UK logistics centers for $240 mn

Two South Korean brokerage firms – KB Securities Co. Ltd. and Kiwoom Securities Co. Ltd. – have teamed up to buy a logistics center for 167 billion wo...

Korean firms invest $52.5 mn in debt refinancing of US building

Two South Korean financial institutions have invested $52.5 million in mezzanine debt backed by an office building in Manhattan, which was issued to r...

[RFP] Korea Post to select two Europe equity fund houses in July

Korea Post’s insurance unit is looking for two active-type Europe stock investment houses for a two-year investment period, according to its request f...

[Survey] Direct lending, mezzanine at top of Korean LPs’ private debt strategies

South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setti...

[ASK 2017 SUMMIT Panel Talks] Korean LPs eye wider range of private debt

Private debt recently became one of the most favored asset classes for South Korean asset owners, alongside co-investments in overseas alternatives. ...

POBA selects 7 global private equity fund managers for $300 mn

The Public Officials Benefit Association (POBA) has picked seven global private equity fund houses to invest $300 million in five different strategies...

[ASK 2017 SUMMIT] NPS mulls private debt benchmark introduction

The National Pension Service (NPS) is considering introducing a benchmark for private debt in which it plans to increase investment, as the South Kore...

[ASK 2017 SUMMIT] KIC eyes Asia, small firms for undervalued assets

Korea Investment Corporation (KIC) is looking to diversify its portfolio into emerging markets, in particular Asia, and will chase smaller-sized firms...

[RFP] Korea Post seeks global private debt fund managers for up to $300 mn

Korea Post's savings unit announced a plan on May 17 to invest up to $300 million in overseas private debt funds focusing on mezzanine and distresse...

[Interview] Korean fund for small firms to allot $440 mn to alternatives in 2017

Yellow Umbrella Mutual Aid Fund, South Korea’s savings fund for small-sized business owners, will likely allocate 300 billion won ($265 million)...

Korean firms to buy $88 mn US power plant-backed debts from US bank

Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants fr...

Hana Asset raises €44.2 million in FoF to invest in CVC private debt fund

The investment firm of South Korea’s Hana Financial Group has raised €44.2 million ($47 million) mostly from domestic life insurers through a private ...

Korean military fund names equity head as financial division CIO

The Military Mutual Aid Association’s (MMAA) former equity head Jae Dong Kim was installed this month as its first chief investment officer chosen fro...

[RFP] Korea Post seeks global private equity FoF managers for $200 mn

Korea Post’s insurance unit is planning to commit about $100 million each to two multi-strategy global funds of funds (FoFs) employing primary, second...

KIC picks $400 mn global bond managers among firms with Korean subsidiaries

Korea Investment Corporation (KIC) has introduced new requirements to foreign bond managers that they have South Korean subsidiaries which will not be...

Apollo Global, Cerberus win GEPS’ $160 mn private debt fund mandates

The Government Employees Pension Service (GEPS) has awarded overseas private debt fund mandates for opportunistic strategies to Apollo Global Manageme...

HI Investment sets up leasing firm to buy Boeing aircraft jointly for $209 mn

HI Investment & Securities Co. Ltd., an affiliate of South Korean shipbuilder Hyundai Heavy Industries Co. Ltd., has established an offshore aircr...

[Interview] ING Life Korea seeks equity investments in US, Europe core real estate

ING Life Insurance Korea Ltd. sees core office buildings and infrastructure in the US and Europe remaining as attractive targets even in the periods o...

Korean asset firms strive to fund property deals as institutions step back

South Korean investment firms, which have recently snapped up prime office buildings and warehouses in the US and Europe, are struggling to raise capi...

Five private debt firms win $120 mn mandates from Korean govt employee fund

The Public Officials Benefit Association (POBA), a South Korean savings fund for government employees, has wrapped up its selection of five overseas p...

Korea Post awards $436 mn real estate debt mandates to three US firms

The asset management units of the Teachers Insurance and Annuity Association of America (TIAA), Prudential Financial Inc., and New York Life Insurance...

Korean firms invest $87 mn in mezzanine debt for Amazon office building in Seattle

Kyobo Life Insurance Co. Ltd. and other South Korean institutions have invested 100 billion won ($87 million) in mezzanine debts backed by an Amazon-o...

[Interview] Lotte’s insurance arm eyes US infrastructure, private debts for low-risk alternatives

Lotte Non-Life Insurance Co. Ltd., a unit of South Korea’s retail giant Lotte Group, is looking to US infrastructure and private debt markets in Europ...

[Interview] NongHyup Life eyes hedge fund, private equity secondary investments

NongHyup Life Insurance Co. Ltd., a unit of South Korea’s agricultural cooperative, will commit an additional 700 billion won ($620 mn) to overseas al...

[RFP] Korea’s GEPS seeks $160 mn offshore private debt fund managers

South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to inve...

MBK beats TPG to buy Korean industrial gas supplier for $1.7 bn

MBK Partners, Asia’s biggest private equity firm, has offered close to 2 trillion won ($1.7 billion) to buy South Korea’s second-largest industrial ga...

Korean firms to buy stake in UK gas business for $356 mn in secondary investment

Hanwha Life Insurance Co Ltd., Hyundai Marine & Fire Insurance Co. Ltd. and other South Korean institutional investors will jointly acquire a 4.7%...

Korea public officials' fund sees $200 mn allocation to cat bonds, private debt funds in H2

South Korea’s Public Officials Benefit Association (POBA) is most likely to select global asset managers to invest about $200 million on aggregate in ...