Korea Teachers Pension Fund CIO to step down
Yun Kyu Lee is to step down as chief investment officer of Korea Teachers Pension Fund (KTPF). His replacement has yet to be announced.
Lee has been active in fixed income, equity and alternative investment management for 30 years. Prior to joining KTPF in 2008, he was executive vice president at Dongbu Asset Management and then CEO at Mega Midas Asset Management. This came after a 24-year stint at Korea Investment Management.
Lee will leave KTPF in about two months time. His future plans are not yet confirmed.
Earlier this year, the pension fund said it would make two commitments of $30 million to funds run by Hamilton Lane and Paul Capital, respectively. KTPF wants to increase its global exposure to 15% of its overall private equity portfolio by 2018.
More on People
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.