NPS taps Macquarie, IMM, Hahn & Co. as private equity managers

The pension giant will commit a combined $606 million for stock in unlisted local companies

National Pension Service of Korea (Courtesy of Yonhap News)
National Pension Service of Korea (Courtesy of Yonhap News)
Byeong-Hwa Ryu 1
2023-06-30 18:45:15 hwahwa@hankyung.com
Pension funds

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Friday it has hired Macquarie Asset Management, IMM Private Equity and Hahn & Co. as its domestic private equity managers.

The pension fund will commit a combined 800 billion won ($605.8 million) to the three general partners. Each asset management firm will operate funds with a five-year-investment period and 10-year maturity.

The pension giant manages 975.6 trillion won in assets as of April 30. Alternative assets, such as equity, fixed-income and real assets in private markets, account for 16.1% of the investment portfolio.

Write to Byeong-Hwa Ryu at hwahwa@hankyung.com
Jihyun Kim edited this article.
#National Pension Service #Korea NPS #alternative investments #Macquarie Asset Management #IMM Private Equity Korea #Hahn & Co Korea #private equity investments

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