Pent-up demand among Korean asset owners for overseas property is resulting in a rush for logistics deals, but there is less interest in office assets, even in prime locations.
Regional asset owners are eager to invest more funds into data centre-focused funds. Several specialist managers are launching new vehicles to take advantage.
The Canadian fund house has hired the experienced sales executive after the exits of Kim Jun-Ku last year and James Chen in July, as it looks to build its private markets business.
The asset owners will likely co-invest with more asset owners outside Korea as they are not able to conduct due diligence amid the lockdown while looking for higher returns.
The value of real estate deals in China nearly doubled year-on-year in the second quarter, in stark contrast to big falls in property investment in Hong Kong, Korea and Singapore.
Experts believe the Korean pension fund could be ramping up internal staff to bring equities and fixed income inhouse, while focusing its external investing on alternatives.