KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through M&A, to continue to diversify its holdings.
Chin also said that KIC will open new offices in significant global locations, and will target to increase its alternative assets exposure from around 3% to up to 20%. The firm will also apparently seek...
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