National Pension Service (Korea)
Fund focus: Unison hones in on South Korea
Comparisons can be drawn between Unison Capital’s debut Korea buyout fund and its first Japan vehicle raised more than 15 years ago. The targets are small- to mid-size companies that have growth potential but need help realizing it, particularly in...
Unison closes debut Korea fund at $280m - update
Japan-based private equity firm Unison Capital has closed its first-ever Korea-dedicated buyout fund at approximately KRW300 billion ($280 million).
Korea’s NPS ups alternatives exposure to 9.9%
The National Pension Service of Korea (NPS) increased its alternatives allocation from 9.4% to 9.9% over the course of 2014 as total assets grew by 10.3% to reach KRW470 trillion ($435 billion).
NPS, Macquarie-backed Megabox goes on sale
Megabox, the South Korean movie theatre chain 50% owned by a consortium including the Korean National Pension Service (NPS) and Macquarie Group, is being sold at auction.
Korean LPs: A targeted market
From the National Pension Service downwards, Korean institutions are increasingly courted by international GPs on the fundraising trail. Building ties with these groups, formally or informally, can be difficult
South Korea's NPS commits $375m to Hamilton Lane co-invest fund
South Korea's National Pension Service (NPS) is committing KRW400 billion ($375 million) to Hamilton Lane's latest co-investment fund - Hamilton Lane Co-Investment Fund III.
CLSA, Korean corporate launch $295m global co-invest fund
CLSA Capital Partners (CLSACP) launched a KRW300 billion ($295 million) global co-investment fund in partnership with South Korean tire manufacturer Nexen. The primary LP is the National Pension Service of Korea (NPS).
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...
Korea's NPS to boost alternatives exposure
South Korea’s National Pension Service (NPS) will increase its allocation to alternative investments to 11.3% from 8.4% as part of an aggressive plan that will see a substantial drop in the pension fund’s fixed income exposure.
South Korea VC: State subsidies
South Korea’s venture capital industry is the fourth-largest in the world thanks to generous government support. But is this support helping or hindering the development of self-sustaining investment ecosystem?
Korea’s outbound mandate
Despite numerous government initiatives promoting overseas M&A, Korean conglomerates outside the energy space are still relatively conservative. Can private equity help turn the tide?
KT, NPS, Korea Post set up outbound M&A fund
Korean telecom giant KT Corporation has teamed up with the National Pension Fund (NPS) and Korea Post to form a KRW1 trillion ($883 billion) fund that will make acquisitions overseas. It is the latest of several initiatives launched by Korean corporations...
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...
Korea’s LP problem
Both the GP and LP bases in South Korea are relatively narrow. Once fund managers have more to show for themselves in terms of track records, it will be easier to distinguish wheat from chaff
Asia ex-Japan pension fund assets to reach $4t by 2015
Assets held by pension funds in Asia ex-Japan and Australia stood at $2.2 trillion at the end of last year and are set to reach $4 trillion by 2015, largely fueled by an expanding middle class.
Asia Pacific SWFs, public pension funds hold 25% of global AUM
Asia Pacific sovereign wealth funds and public sector pension funds now account for $3.2 trillion in assets under management, 25% of the global total.
Fortune Brands raises tender offer to $1.05b
Consumer goods holding company Fortune Brands has raised a $1 billion debt tender offer to $1.05 billion due to oversubscription, The Wall Street Journal reported. The proceeds from the company's sale of golf equipment and apparel business Acushnet to...
Japan's ORIX launches Korean PE fund to invest in Mirae Asset Life
Japanese financial services group ORIX Corporation is to establish what it claims is the “largest investment fund established by a Japanese company in South Korea” to acquire shares in Korea’s Mirae Asset Life Insurance. The private equity fund...
Korea's NPS selects GP investment partners
Korea’s National Pension Service (NPS), the world’s fourth-largest pension fund, has chosen eight domestic private equity and venture capital GPs to manage its newest, KRW900 billion ($840 million) Pan-Asian fund, according to Money Today.
Korean PE buys global golf brand Acushnet
KOREAN SPORTSWEAR MAKER FILA HAS teamed with Seoul-based Mirae Asset Private Equity and two of the market’s top investment institutions to acquire golf equipment and apparel business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2...
Fila teams with private equity in leading golf brand buyout
Seoul-based Mirae Asset Private Equity has teamed with Korean sportswear maker Fila to acquire golf business Acushnet Company from NYSE-listed Fortune Brands for more than $1.2 billion.
PE and the pension system
Ontario Teachers’ reported record-high results in 2010, yet substantial liabilities overhang remains, signaling a broad-based issue likely to challenge many pension plans going forward
Ontario Teachers' Pension Plan posts 14.3% rate of return
Canada’s largest single profession pension plan, Ontario Teachers’ Pension Plan (OTPP), announced that it had earned its largest value-add dollar amount ever in 2010, claiming C$13.3 billion ($13.9 billion) in investment income by the year’s end,...
Korea’s NPS joins up with local conglomerates to form PE fund
National Pension Service, South Korea’s largest investor, plans to form a private equity fund with local conglomerates, including SK Group, GS Group, and KT Corporation, to seek returns from private investments in global markets.