To Diversify Sources of Investment Returns
National Pension Service (NPS) Investment Management is planning to beef up overseas investment platforms in cooperation with leading investment companies and pension funds to expand its sources of investment returns.
In October last year, NPS formed a partnership with APG in the Netherlands for joint real asset investment in Europe and Asia. The assets under management of APG and NPS are 698 trillion won and 777 trillion won, respectively.
In addition, NPS set up a 2.8 trillion won joint venture with Allianz for landmark real estate investment in major Asian cities. More recently, NPS and U.S. real estate investment firm Hines established a 1.6 trillion won fund for commercial real estate development.
NPS is planning to increase its overseas investment ratio from 30 percent to 50 by 2024 based on such collaborations. The overseas investment of NPS is estimated to increase to 500 trillion won or more given that its fund will increase from approximately 700 trillion won to 1,000 trillion won in that period.