Woori launches $495m PE fund with Posco, EIG
Korea’s Woori Asset Management has launched a private equity fund in partnership with domestic steelmaker Posco and US-based EIG Global Energy Partners. The vehicle was created in February and has a target size of KRW560 billion ($495 million), with Woori serving as GP as well as contributing 0.5% of the capital.
According to AsianInvestor, the fund will target global natural resources and also counts Korea's National Pension Service (NPS) among its LPs. The NPS' desire to diversify its portfolio to include more...
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