POBA bullish on REITs, real estate debts and senior housing

Real estate and infrastructure make up 32% of POBA's alternatives, followed by private debt at 25%

Huh Jang, chief investment officer of the Public Officials Benefit Association, speaks at ASK 2025 on May 22
Huh Jang, chief investment officer of the Public Officials Benefit Association, speaks at ASK 2025 on May 22
Yeonhee Kim 2
2025-05-22 13:40:19 yhkim@hankyung.com
ASK 2025


South Korea’s Public Officials Benefit Association (POBA) is betting big on real estate investment trusts (REITs) and senior housing in the US, while expanding real estate private debt investments, its Chief Investment Officer Huh Jang said on Thursday.

The retirement savings fund for local government employees has been ramping up private credit investments in recent years. Hub expects the asset class to continue performing well amid ongoing market uncertainty and heightened volatility in US long-term Treasury yields.

NPS boosts allocation to direct lending, secondaries

NPS boosts allocation to direct lending, secondaries

Kim Tae-hyun, chairman of the National Pension Service, speaks at 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 bench

KIC bets on Asian real estate; eyes residential, data centers

KIC bets on Asian real estate; eyes residential, data centers

Park Il Young, chief executive of KIC, speaks at ASK 2025 The Korea Investment Corporation (KIC) is zeroing in on Asia’s real estate market by region, while targeting residential facilities and data centers as key sectors, its Chief Executive Park Il Young said on Wednesday. The sovereign

Global real estate market poised for strong rebound: Savills

Global real estate market poised for strong rebound: Savills

A night view of downtown Seoul (Courtesy of Getty Images) The global real estate market is expected to pick up significantly over the next few years, with around $500 billion worth of real estate assets, held by still undivested closed-ended equity funds likely to hit the market, according to a

Real estate debt outshines corporate credit: Savills IM

Real estate debt outshines corporate credit: Savills IM

Cyrus Korat, co-founding partner of DRC Savills Investment Management Private credit has been among the top picks for alternative investors over the past few years. During the period of high interest rates, corporate lending has generated higher-than-expected returns with rising corporate profi

Australia, Asia real estate whet Korean pension funds' appetite

Australia, Asia real estate whet Korean pension funds' appetite

The global alternative investment conference ASK 2024 was held on Oct. 16-17, 2024 in Seoul South Korean pension funds and insurance companies are raising their bets on real estate as they diversify their US and Europe-focused portfolios into Australia and Asia, while increasing their appetite

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

Korea’s POBA to invest $109 mn in Koramco’s office REIT

Korea’s POBA to invest $109 mn in Koramco’s office REIT

Gangman Business District in Seoul  South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in Seoul and Pangyo, the country’s so-called Silicon Valley, on expectations that the value of preferr

POBA favors data centers, senior housing in Europe: CIO

POBA favors data centers, senior housing in Europe: CIO

Public Officials Benefit Association CIO Huh Jang speaks at ASK 2024 on May 22  South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 billion), is keeping a close eye on data centers, senior housing a

POBA to increase long-term private credit investments

POBA to increase long-term private credit investments

Huh Jang, CIO of Public Officials Benefit Association South Korea’s Public Officials Benefit Association (POBA) will step up its private credit and bonds until next year as it expects high interest rates to last for a while, said Chief Investment Officer Huh Jang in a keynote speech at AS

POBA, CalSTRS invest $40 mn in California multifamily assets

POBA, CalSTRS invest $40 mn in California multifamily assets

(Courtesy of One38 Apartments) South Korea’s pension fund Public Officials Benefit Association (POBA) and US retirement fund The California State Teachers’ Retirement System (CalSTRS) have jointly invested $40 million in multifamily assets in downtown San Jose, California, an offi

POBA targets upper-middle market in North America for PD investment

POBA targets upper-middle market in North America for PD investment

Huh Jang, CIO at POBA, speaks at ASK 2022 Public Officials Benefit Association (POBA) of South Korea will keep its conservative stance in both private equity and private debt investment, while strengthening standards for selecting general partners in terms of track records and risk management,

POBA taps former DB Insurance investment head as new CIO

POBA taps former DB Insurance investment head as new CIO

Huh Jang named the new CIO of POBA Public Officials Benefit Association (POBA) of South Korea has named Huh Jang, former head of investment at DB Insurance Co. as its new chief investment officer, according to financial industry sources on Feb. 10. His term in office will be three years from

POBA targets PE in tech, bio, healthcare in long term, CIO says

POBA targets PE in tech, bio, healthcare in long term, CIO says

Huh Jang, POBA CIO, speaks to The Korea Economic Daily Public Officials Benefit Association (POBA) of South Korea will keep its focus on steady cash flow while strengthening profitability, its Chief Investment Officer Huh Jang said.Huh said POBA will increase assets for income gain, such a

POBA, CalSTRS invest $235 mn in two US multifamily asssets

POBA, CalSTRS invest $235 mn in two US multifamily asssets

The Buchanan in Midtown Manhattan (Courtesy of The Buchanan website) Public Officials Benefit Association (POBA) of Korea and The California State Teachers’ Retirement System (CalSTRS) have jointly invested $235 million in two multifamily assets in the US, an official from Koramco Asset M

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