The Public Officials Benefit Association (POBA) plans to commit up to $150 million to global blind-pool private equity funds for three types of strategy: buyout/growth, secondary and co-investment.
The $10 billion retirement fund for local government employees will receive proposals by May 29, 2018 at 3 p.m. (Korean standard time), it said in a statement on May 16.
For details, click POBA-RFP_17-May-2018_English.docx.
By Chang Jae Yoo
<Edited by Yeonhee Kim>