The South Korean market highlights an ongoing dilemma for asset owners’ appetite for private equity investments.
The South Korean national pension fund has seen domestic investments dragging down returns in 2022, but public pressure has made it hard to neglect the Korean market.
Although private market assets have proven themselves relevant for pension funds, the Korean appetite might be curbed for various reasons.
Turmoil in global markets and useful background are seen as major reasons for the Korean sovereign wealth fund to recruit their new chief investment officer internally, sources told AsianInvestor. A new chief risk officer is brought in from Bank of Korea.
Singapore's Temasek and the Abu Dhabi Investment Authority participates in China-based biotech firm funding round; NGS Super has divested from oil and gas exploration and production companies as it works towards a carbon-neutral portfolio by 2030; head of strategy and innovation will be promoted as the chief investment officer of Korea Investment Corporation; and more.
Dutch pension fund manager APG, logistics company ESR and the Canada Pension Plan Investment Board plan to double the total equity investment capacity of their second joint venture in Korea, bringing it up to $2 billion.
The high demand for alternatives among South Korean investors is one reason why they search for global opportunities more than their peers in other parts of Asia.
The sovereign wealth fund surpassed $200 billion for the first time since its inception and is planning to increase alternatives allocation to 25% of its portfolio by 2025.
The Dutch pension fund says it will push for improvements in ESG practices of its portfolio companies in South Korea and Japan with active engagement, including lobbying the government and the media and using its voting rights.
The leading Dutch pension fund is beefing up its real estate headcount as it looks for more opportunities - and alpha - beyond developed Asia.
CPP Investments and Pacific AM commit $170 million to Korean data centre; GIC and NorthWest Australia invest an additional $2.4 billion to healthcare projects; the world's largest sovereign wealth fund voted in favour of Toshiba soliciting buyout from PE firms; Chinese vice-premier commits to supporting the market; and more
The world’s third-largest pension fund awarded the expanded fixed income mandate to BNY Mellon to include services that unravel complex data and improve efficiencies.