The Public Officials Benefit Association (POBA) has picked three global private equity firms as follows to commit $50 million to their blind-pool funds apiece, the South Korean retirement fund said on Oct. 2.
The French investment company also received a $100 million mandate from Korea Post for secondaries investment in July.
POBA invests 54% of its $11 bilion assets in alternative assets and has been investing in global private equity funds since 2015.
By Hyun-il Lee
<Edited by Yeonhee Kim>