The National Pension Service (NPS) will increase strategic investments with leading global institutional investors to boost overseas alternative investments, its chief executive Kim Yong-jin said on Wednesday.
"Due to the COVID-19 pandemic, we faced physical constraints on deal sourcing and due diligence, but we cannot help but increase overseas alternative investments," Kim said in a keynote speech at ASK 2021.
Earlier this year, NPS signed a strategic partnership with BC Partners, which specializes in buyout strategies with $40 billion AUM.
"Competition is heating up for prime overseas assets because of abundant market liquidity. NPS will further diversify portfolio into growth sectors," Kim said. To do so, NPS will increase overseas staffing as well.
The National Pension Service has gained exposure to timberland and the European mid-market tech sector in the first quarter of this year, adding two British investment firms -- Apax Partners and Stafford Capital Partners -- as its new outside managers, according to its recent public disclosure.
Pacific Gas & Electric Co. (PG&E) headquarters in San Francisco (Courtesy of Hines) South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&E) in San Francisco for $800 million, as part of their
The National Pension Service (NPS) is planning to create a new investment team dedicated to private debt and secondaries deals and equity purchases of asset managers, which have been neglected by the world's third-largest pension scheme despite its steady asset growth.The alternative strategy
NPS Investment Management building South Korea’s National Pension Service, the world’s third-largest pension fund, was set to reduce outsourcing of foreign bond investments to cut fees even as it plans to nearly double holdings of overseas debts.The NPS said on Aug. 25 said its top
(Getty Images Bank) The National Pension Service has gained exposure to timberland and the European mid-market tech sector in the first quarter of this year, adding two British investment firms -- Apax Partners and Stafford Capital Partners -- as its new outside managers, according to its recen
(Courtesy of Stafford Capital Partners) The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land available for timber or farm production. “We initiated our investment in timberland after carefully st