Private School Pension Fund Selects PEF Managers VIG, IMM Investment, and Han&Co

The Private School Teachers' Pension Service (hereinafter referred to as PSTPS) announced on the 25th that it has finally selected three entrusted management companies?VIG Partners, IMM Investment, and Hahn & Company?to operate a private equity blind fund.

PSTPS plans to invest up to a total of 150 billion KRW in domestic PEFs, allocating 50 billion KRW to each of the three entrusted management companies. From July 24, proposals were accepted, followed by a first round of quantitative evaluation, resulting in the selection of six shortlisted candidates.

On-site inspections were conducted for the selected management companies, and based on the results, the Alternative Investment Committee conducted a qualitative evaluation on September 22, finalizing the three entrusted management companies.

Chairman Song Hajung stated, "By selecting and investing in excellent PEF entrusted management companies, we will contribute to diversifying and stabilizing the PSTPS fund portfolio, and we will continue to do our best to improve the fund's operational returns."

Last year, PSTPS selected four entrusted management companies for private equity blind funds: Skylake Equity Partners, Stonebridge Capital, STIC Investment, and IMM Private Equity, investing a total of 400 billion KRW.