Sprott, Woori win Korean mandate for $750m global resources fund
South Korea’s National Pension Service (NPS) will lead a consortium of institutional investors in putting up half the capital for a $750 million private equity fund to be managed by Canadian asset manager Sprott and Woori Asset Management. The 10-year fund will invest in the global natural resources and power sectors.
The other $375 million has been committed by state-owned Korean Electrical Power Company (KEPCO), the country's largest electric utility. The transaction is expected to be completed in the first quarter...
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