Diversified Investment
The Investment Management Office of the National Pension Service of South Korea announced on March 13 that it would invest a total of 1.55 trillion won (US$1.31 billion) in private equity funds in the country this year so that its investment can be further diversified and more stable profits can be guaranteed.
In this regard, the Investment Management Office is planning to pick out two to six fiduciary management companies between April and November this year in each of the fields of mid-cap, venture, mezzanine, co-investment and sector funds.
The total investment and the number of such companies can be reduced depending on the satisfaction of requirements.
“This year, the National Pension Service will increase its investment in growing companies and companies of medium size,” said Kang Myeon-wook, head of the Investment Management Office. He went on to say, “At the same time, it will keep finding investment opportunities and examine the opportunities with swiftness so that its fund management performance can be maximized.”