National Pension Service Selects Five Domestic Private Equity Fund Managers Including Macquarie Asset Management

[Asia Economy Reporter Ji-hwan Park] The National Pension Service has selected five domestic private equity asset management firms.

The Fund Management Headquarters of the National Pension Service announced on the 30th that it has selected a total of five institutions as entrusted private equity fund (PEF) managers in the domestic private equity sector for 2020.

The selected institutions are △ Glenwood Private Equity △ Macquarie Asset Management △ Skylake Investment △ IMM Investment △ JKL Partners.

Each fund managed by the selected domestic alternative investment asset managers will operate based on an investment period of 5 years and a fund maturity of 10 years. The Fund Management Headquarters plans to allocate funds within a total of 800 billion KRW.

As of the end of April this year, the National Pension Service manages alternative investment assets such as private equity and real estate, accounting for 12.4% of the total fund assets, approximately 89.9 trillion KRW. According to the fund management plan, the pension service aims to expand this to about 13.2% of the total fund assets by the end of 2021, which is expected to be approximately 110 trillion KRW based on the investment balance.

Hyohjun Ahn, head of the Fund Management Headquarters, stated, "We will continue to promote portfolio diversification of the National Pension Fund, including expanding alternative investments, and strive to enhance the long-term stability and profitability of the fund."