[RFP] Korea’s govt pension seeks $100 mn offshore mezzanine fund managers

  • 2016-07-07

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 6 that it would select two global private debt fund managers for a combined $100 million mandates in a mezzanine strategy.

The deadline for proposals is set for July 15 at 6 p.m. (Korean time). The GEPS will announce its final selection of the management firms on August 24.

Qualified candidates should have a minimum two years of business history, with at least $300 million of cumulative investments in mezzanine and related strategies.

GEPS will allocate $50 million each to two selected management houses to run blind-pool mezzanine funds for the duration of five years. They are required to put more than half of the total committed capital in North America, while investments in equities will be capped to 30% of the committed capital.

To download the notification and RFP, click below links:

20160706-Global-Private-Debt-FundMezProposalENGLISH_201607-1.docx 20160706-Notification-of-Private-Debt-Fund_MezEnglish_201607.docx 20160706-Quantitative-Data.xlsx

 

<By Dae-hoon Kim>

daepun@hankyung.com

<Edited by Yeonhee Kim>