Korea Post selected seven private equity funds (PEF) to manage a total of 250 billion won in blind mandates.
According to the investment banking (IB) industry on the 21st, Korea Post named bnw Investment, H&Q Equity Partners, KCGI, KL&Partners, and Helios PE as preferred bidders in the mid-cap league. In the small-cap league, H PE and I-Sang Partners–IBK Capital were selected.
Korea Post plans to decide in November whether to make the final selections after conducting due diligence on the preferred bidders and holding an investment committee review. Korea Post plans to commit a total of 250 billion won to the selected managers.
The managers selected this time must invest at least 50% in small and midsize companies with buyout and growth capital strategies, and invest at least 40% of the Post Office Financial's commitments in industries related to artificial intelligence (AI). Mid-cap league general partners (GPs) must raise funds of 250 billion won or more, and small-cap GPs must raise funds worth 100 billion to 250 billion won.