NPS’ risk management head to spearhead investment strategy

The National Pension Service (NPS) appointed risk management center head Seong-Tae Park as new head of investment strategy on Dec. 8, a week...

Korean firms in talks to buy Credit Suisse’s Canary Wharf office

A consortium of South Korean financial institutions has been in exclusive talks to buy the Canary Wharf headquarters of Credit Suisse Group in a deal ...

Midas Asset invests $100 mn in US hotel portfolio-backed debt

Midas Asset Management, a small-sized South Korean fund manager, has invested $100 million in a mezzanine debt secured on 53 hotels across the United ...

[Interview] Ares Management picks commercial mortgage, 2nd-tier US cities

Senior commercial real estate debts and select second-tier cities are likely to offer greater investment opportunities to global investors still keen ...

Mirae Asset, SK Sec buy German property in share deal

Mirae Asset Daewoo Co. Ltd. and SK Securities Co. Ltd. have recently closed a purchase of an office building leased to a department of the German fede...

IGIS Asset closes $110 mn purchase of Nestle's Spanish head office

IGIS Asset Management Co. Ltd. has acquired an office building in Barcelona used as Nestle Corporation's Spanish headquarters for 95.6 million euros (...

[Interview] Korea military fund aims to cash in $700 mn bad assets within 3 yrs

The Military Mutual Aid Association (MMAA) will liquidate half of its 1.6 trillion won ($1.4 billion) worth of non-performing assets by early 2021 and...

[Interview] Carlyle sees huge potential in private credit: Co-CEO

The Carlyle Group, one of the world’s biggest private equity firms, puts the expansion of credit business as a top priority as the private debt market...

GS EPS-Mirae Asset consortium buys 10% stake in US gas power plant

A consortium of South Korean power producer GS EPS Co. Ltd. and Mirae Asset Daewoo Co. Ltd. has agreed to buy a 10% stake in a New Jersey-based gas po...

Vietnam’s Vingroup raises $400 mn from new stock sale to Hanwha Asset

Vingroup JSC, Vietnam’s largest conglomerate, has issued convertible preferred shares to raise $400 million in a private placement to South Korea’s Ha...

KB Asset to extend $30 mn credit on Peru power transmission line

KB Asset Management Co. Ltd. has participated in a $170 million refinancing package of a power transmission line in Peru by providing a $30 million se...

Kiwoom Asset provides $45 mn senior loan on Britain’s care homes

Kiwoom Asset Management Co. Ltd. has offered a £35 million ($45 million) senior loan secured against a portfolio of 110 care homes of Britain’s larges...

Hanwha Asset invests $44 mn in Tokyo hotel-backed mezzanine debt

Hanwha Asset Management Co. Ltd. has made its first direct investment in Japan’s commercial property market by underwriting 49.8 billion won ($44 mill...

Ares Management secures $300 mn in US gas project debt from Korea

Ares Management LP has raised a total of $300 million in credit facilities from South Korean institutional investors, including Hana Financial Investm...

Meritz extends $325 mn credit to fund $2.25 bn Australia coal mine deal

Meritz Financial Group, a non-banking financial services firm in South Korea, has offered a $325 million subordinated loan to finance the $2.25 bill...

EQT to raise $70 mn from two Korean funds for $2.3 bn credit fund: report

Swedish private equity firm EQT Partners is gathering €60 million ($70 million) from two South Korean retirement funds and seeking to raise an additio...

KTCU, Mirae Asset to invest $143 mn in debt on Blackstone's power plant: report

The Korean Teachers’ Credit Union (KTCU) and three units of Mirae Asset Financial Group will invest a combined 160 billion won ($143 million) in senio...

[Interview] Meritz Real picks US retail assets, shorter-term property loans

US commercial buildings with global brand shops or fresh food stores are likely to generate strong returns enough to offset higher dollar hedging cost...

Mirae Asset underwrites $243 mn senior debt on Australian coal terminal

Mirae Asset Daewoo Co. Ltd. has bought the entire A$330 million ($243 million) senior debt recently issued on Abbot Point coal terminal in Queensland,...

KTB Asset invests $90 mn in mezzanine debt on InterContinental Boston

KTB Asset Management Co. Ltd. has invested $90 million in a mezzanine debt on InterContinental Boston, participating in a $265 million refinancing pac...

HNA sells US property to Samsung, tapping Korean buyers for US asset: report

HNA Group has sold a Minneapolis office tower to Samsung SRA Asset Management Co. Ltd. for $320 million and is now tapping South Korean institutional ...

[ASK 2018 SUMMIT Panel Talks] Korean LPs lean toward non-dollar assets

South Korean asset owners are increasingly turning to non-dollar assets because the weakening US dollar erodes expected returns after currency hedging...

[ASK 2018 SUMMIT] Korea Post seeks alternative long-term assets

Korea Post’s insurance unit is looking for new alternative long-duration assets to meet demand for long-term stable yields, because the recent rush in...

Korean asset firm backs Hyundai reform plan; NPS remains indecisive

An independent South Korean investment firm has become the first institutional shareholder in Hyundai Mobis Co. Ltd. publicly supporting the Hyundai M...

[RFP] POBA to allocate $150 mn to global blind-pool PEF managers

The Public Officials Benefit Association (POBA) plans to commit up to $150 million to global blind-pool private equity funds for three types of strate...

KTB Asset invests in refinanced loan on Union Station

KTB Asset Management Co. Ltd. has invested an undisclosed amount in a debt secured on Union Station in Washington D.C. on behalf of three South Korean...

Mirae Asset to acquire Blackstone’s London office building for $460 mn

Mirae Asset Financial Group is set to acquire a prime office building in the City of London from the Blackstone Group for £340 million ($461 million...

Mirae Asset invests $300 mn in senior debt on Hong Kong skyscraper

Mirae Asset Daewoo Co. Ltd. has invested $300 million in a senior debt issued to finance the $5.2 billion acquisition of The Center, a landmark skyscr...

[RFP] Korea Post seeks offshore commingled hedge fund managers

Korea Post’s insurance unit on April 9 announced a plan to select global fund managers for single offshore commingled hedge funds. It will receive pr...

Mirae Asset seeks to launch $940 mn Asia start-up fund with Korea’s Naver

Mirae Asset Daewoo Co. Ltd. and South Korea’s top internet portal Naver Corp. are looking to invest as much as 1 trillion won ($940 million) in Asia...