Police Mutual picks 6 asset managers to run W100b fund

By 박한나

Published : Sept. 14, 2016 - 00:00

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[THE INVESTOR] The Police Mutual Aid Association, the country’s state pension fund with total assets under management of approximately 2 trillion won (US$1.79 billion), has selected six asset managers to run its blind pool fund worth 100 billion won.

The PMAA said on Sept. 13 that it has picked six general partners -- two of each private equity firm, venture capital company and private debt fund -- through a beauty contest where some 38 companies had competed.

For the PDF slots, US-based Benefit Street Partners and European credit investment firm Park Square Capital were selected to manage 20 billion won each.

Korea’s Police Mutual Aid Association

A total of 40 billion won was committed to two local PEFs -- SkyLake Investment and Dominus Investment.

Atinum Investment and Medici Investment were selected as venture capital managers of the PMAA’s fund.

This is the first time that the PMAA is selecting asset management firms to run a blind fun. So far, it has been investing in existing PE funds.

By Park Han-na (hnpark@heraldcorp.com">hnpark@heraldcorp.com)

Police Mutual picks 6 asset managers to run W100b fund

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