NPS boosts allocation to direct lending, secondaries

When awarding mandates, it will consider how general partners can contribute to portfolio company growth

Kim Tae-hyun, chairman of the National Pension Service, speaks at ASK 2025
Kim Tae-hyun, chairman of the National Pension Service, speaks at ASK 2025
Yeonhee Kim 2
2025-05-21 12:32:02 yhkim@hankyung.com
ASK 2025

The National Pension Service (NPS), the world’s third-largest pension fund, has been further diversifying its portfolio through increased exposure to direct lending and secondary deals since introducing a new benchmark portfolio framework this year, its Chairman Kim Tae-hyun said on Wednesday.

NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen

NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen

Seoul office of the National Pension Service (File photo) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has yet to decide on a plan to select local external managers, adding to private equity firms’ fundraising woes.The NPS, South Korea&

NPS pours $3.9 bn to buttress Korean stock market

NPS pours $3.9 bn to buttress Korean stock market

South Korea’s National Pension Service, the country’s largest institutional investor, has come to the rescue of the domestic stock market, which has been suffering from extreme volatility triggered by the US tariffs roller coaster. According to the Korea Exchange (KRX), Korean pens

NPS gears up for investment overhaul with boost in risk assets

NPS gears up for investment overhaul with boost in risk assets

NPS Investment Management's headquarters building  South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy with a focus on increasing exposure to higher-risk assets to enhance returns, about a month

S.Korea’s NPS to double pension fund size by 2050, hike risky assets

S.Korea’s NPS to double pension fund size by 2050, hike risky assets

NPS' headquarters in Jeonju, South Korea South Korea’s National Pension Service (NPS) is projected to nearly double its fund size to 3,500 trillion won ($2.38 trillion) by 2050, following a recent reform designed to strengthen its operational strategy and delay the fund's depletion.The go

Korea’s pension fund NPS rules out investing in MBK’s hostile M&A deals

Korea’s pension fund NPS rules out investing in MBK’s hostile M&A deals

The National Pension Service is South Korea's largest institutional investor South Korea’s National Pension Service (NPS) said on Monday it will not participate in investments related to hostile mergers and acquisitions led by MBK Partners Ltd., a Seoul-based private equity firm (PEF) rec

KB, Samsung SRA, Capstone named NPS’ core property fund operators

KB, Samsung SRA, Capstone named NPS’ core property fund operators

The National Pension Service is South Korea's largest institutional investor South Korea’s National Pension Service (NPS) has selected three asset managers to oversee its domestic core real estate platform fund — the pension fund’s first such allocation since 2018.According to

NPS to buy stake in Australia’s Metrics to expand alternative investments

NPS to buy stake in Australia’s Metrics to expand alternative investments

Seoul office of the National Pension Service (File photo by Eun-Koo Kang) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has agreed to buy a stake in Australian asset manager Metrics Credit Holdings Pty Ltd. to expand its alternative investment

NPS to mull responsible investment system for alternative investments

NPS to mull responsible investment system for alternative investments

NPS regional office (File photo by News1) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible investment system — which currently applies only to stock and bond investments — to include alt

S.Korea’s pension fund NPS posts record return in 2024 on US stock rally

S.Korea’s pension fund NPS posts record return in 2024 on US stock rally

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, said on Friday it posted an all-time high 15% return from its investment activities in 2024, buoyed by a US stock rally and gains from alternative investm

NPS closes $1.6 bn Korean office deal; scientists pension eyes NCSOFT building

NPS closes $1.6 bn Korean office deal; scientists pension eyes NCSOFT building

One Grove in Magok, Seoul The National Pension Service (NPS) has completed the purchase of One Grove for 2.3 trillion won ($1.6 billion), its largest single real estate investment in South Korea, according to industry sources on Thursday.The world’s third-largest pension scheme poured 820

NPS commits $800 mn to Almanac for strategic partnership

NPS commits $800 mn to Almanac for strategic partnership

National Pension Service's Investment Management headquarters in Jeonju, North Jeolla Province The National Pension Service of Korea (NPS) has committed $800 million to Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, to build a strategic partnership, Almana

NPS initiates strategic currency hedging to unleash up to $48.2 billion

NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service is South Korea’s state-run pension fund and the country’s largest institutional investor The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to begin strategic curr

NPS to invest record $1.4 billion in Korean property market in 2025

NPS to invest record $1.4 billion in Korean property market in 2025

The National Pension Service is Korea's largest institutional investor South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gain from an expected recovery in the commercial property sector amid low-inter

NPS bullish on real estate in low interest era: chairman

NPS bullish on real estate in low interest era: chairman

Kim Tae-hyun, chairman of the National Pension Service South Korea’s National Pension Service (NPS) will raise exposure to residential housing and data centers to take advantage of lower interest rates, which bodes well for the commercial property market, its chairman Kim Tae-hyun said on

S.Korea’s NPS investment arm suffers from chronic understaffing

S.Korea’s NPS investment arm suffers from chronic understaffing

National Pension Service headquarters in Jeonju, North Jeolla Province South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, struggles to recruit investment managers, raising concerns about the quality of

S.Korea's NPS opens fourth overseas office in Silicon Valley

S.Korea's NPS opens fourth overseas office in Silicon Valley

National Pension Service Chairman Kim Tae-hyun speaks at San Francisco office  South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on September 5.The new office in the One Bush Podium building in downtown

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