BlackRock dropped from NPS’ property investment manager pool

BlackRock, the world’s largest asset manager, has been excluded from the National Pension Service’s 49-strong group of global real estate ...

Korean LPs receive massive capital calls from global funds

Pension schemes and savings funds in South Korea are busy responding to a flood of capital calls simultaneously from foreign investment firms which ar...

Korean funds hold off new midstream project investments

Pension funds, insurance companies and asset managers in South Korea have indefinitely halted new investments in North America’s midstream asset...

Anchor Equity Partners invests $170 mn in Korean entertainment firm

Anchor Equity Partners has invested 209.8 billion won ($170 million) in South Korea’s content and entertainment company Kakao M Corp., just afte...

Mirae Asset invests $150 mn in US meat substitutes maker

Mirae Asset Global Investments Co. Ltd. has signed a share purchase agreement to invest $150 million in Impossible Foods Inc., a meat substitutes prod...

Mirae Asset to sell up to $600 mn global debt for investment

Mirae Asset Daewoo Co. Ltd. plans to issue a global bond worth $500 million to $600 million as early as April for the third year of offshore debt sale...

NPS’ investment return at all-time high in 2019; alternatives lag

The National Pension Service (NPS) achieved its strongest investment return of 11.31% in 2019, led by hefty gains from equities and overseas fixed-inc...

NH Investment, KB Asset buy Dallas building for $370 mn

NH Investment & Securities Co. Ltd. and KB Asset Management Co. Ltd. have acquired an office building in Dallas for $370 million, which represente...

Construction workers’ fund names ex-Hanwha General investment head as CIO

The Construction Workers Mutual Aid Association (CWMA) has appointed Wihwan Lee, a former investment head of Hanwha General Insurance CO. Ltd., as chi...

[Dealmaker] Unison Capital shines in Korea’s niche sectors

Middle market-focused Unison Capital Inc. stood out in South Korea’s buyout market in 2019 with two lucrative exits and two startup acquisitions...

Korean startups raking in big investment money

Biotech startup Bionetix easily surpassed what's known as the "10 billion won hurdle" by raising an additional 10 billion won in funding on Dec. 23. I...

NPS' 2019 investment return at 10-yr high on equities, fixed incomes

The National Pension Service (NPS) reported a preliminary 11% return on investments in 2019, its best annual result in a decade, supported by double-d...

CalSTRS, POBA to form $312.5 mn JV for US multifamily investment: report

California State Teachers’ Retirement System (CalSTRS) and Public Officials Benefit Association (POBA) will set up a $312.5 million joint ventur...

KIC to boost startup investment with new San Francisco office

Korea Investment Corporation will open a San Francisco office within the year to improve its deal sourcing capability for technology startups and othe...

Shinhan backs AMP Capital’s $763 mn US data center acquisition

Shinhan Investment Corp. has provided 194.1 billion won ($162 million) in financing for AMP Capital’s 911 billion-won ($763 million) acquisition...

Korea’s Europe property investment hits record; France takes one-third

South Korean institutions, including pension funds and insurance companies, poured a record 12.5 billion euros ($14 billion) into Europe’s real ...

NH Investment, Nuveen jointly buy Amazon warehouse in Japan

NH Investment & Securities Co. Ltd. has taken a 50.1% stake in an Amazon distribution center in Japan for around 150 billion won ($130 million) in...

Hana Fin, Korea Investment acquire $162 mn Finland wind farms

Hana Financial Investment Co. Ltd. and Korea Investment & Securities Co. Ltd. have acquired the entire equity interest of three wind farms in Finl...

Eugene Investment acquires Poland office building for $61 mn

Eugene Investment & Securities Co. Ltd. has entered the European real estate market with the purchase of an office building in Warsaw, Poland for ...

IMM Investment buys stake in Texas Express Pipeline in $1 bn co-investment

South Korea’s IMM Investment Corp. has agreed to buy a 35% stake in Texas Express Pipeline, a joint venture for natural gas liquids transportati...

NPS sets up $860 mn Vietnam investment fund with SK Group

The National Pension Service (NPS) has launched a 1 trillion won ($860 million) fund with SK Group to invest in Vietnamese companies, through which th...

Greystar, Patrizia secure Korea Post’s $100 mn housing investment

US-based Greystar Real Estate Partners and Germany’s Patrizia AG have won a $100 million mandate from Korea Post to invest in the housing sector...

POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio

The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...

KFCC to allocate $6 bn to alternative investment blind funds for next 3 yrs

MG Korean Federation of Community Credit Cooperatives (KFCC) will allocate a total of 7 trillion won ($6 billion) to alternative investment blind-pool...

SK Group, Hillhouse Capital to form $850 mn fund to invest in Chinese start-ups

SK Group will set up a 1 trillion won ($850 million) fund with China’s private equity firm Hillhouse Capital Group to invest in Chinese start-up...

AMP Capital’s $6.2 bn infrastructure fund raises $1.2 bn from Korea

Twenty-four South Korean institutional investors, including the National Pension Service, the Korean Teachers’ Credit Union and the Public Offic...

AI chip venture set to challenge Nvidia, Intel, Google

Back in 2017, the idea of launching a startup to make artificial intelligence (AI) semiconductors prompted many blank stares. It was a fight that coul...

[Survey] Transport remains top pick for Korean LPs’ 2020 infra investment

South Korean institutional investors will continue to increase their allocations to overseas infrastructure next year, and transport facilities such a...

Korea Investment acquires US student housing for $250 mn

Korea Investment & Securities Co. Ltd. has acquired five US student housing for $250 million, in the first direct investment by a South Korean fir...

Ardian, Veritas Capital, HPS Investment win POBA’s $150 mn PEF mandates

The Public Officials Benefit Association (POBA) has picked three global private equity firms as follows to commit $50 million to their blind-pool fund...