The National Pension Service fund management headquarters said on the 3rd that it plans to select domestic venture fund external managers to execute alternative investments in the National Pension Service fund effectively and improve profitability.
Until now, the selection of external managers typically involved an annual allocation of funds within 200 billion won. The National Pension Service said it has significantly expanded the size of this selection compared with previous years, taking into account the improved venture investment environment, including the launch of the Public Growth Fund.
In addition, the National Pension Service actively accepted the venture capital industry's long-standing request to ease the "core investment personnel concurrent employment standard." This shows a strong commitment by the National Pension Service to help revitalize domestic venture investment.
From today through the 23rd of this month, the National Pension Service will receive proposals and other materials related to the selection of external managers. After that, candidates that pass internal screening and on-site due diligence will undergo oral evaluations by the external manager selection committee, with final selections planned for June.
Seo Won-joo, investment director at the National Pension Service, said, "Through the selection of venture fund external managers, we will work harder to diversify the alternative investment portfolio of the National Pension Service fund and enhance long-term profitability and stability."