The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion.
The amount of allocation may change, depending on the assessment results of fund managers, according to a POBA source on Nov. 17.
It will receive proposals by Nov. 30 at 4 p.m. (Korean standard time), and final selection will be completed by year’s end or early next year.
By Daehun Kim
<Edited by Yeonhee Kim>