[THE INVESTOR] South Korea’s National Pension Service has named four private equity firms to run 700 billion won (US$607 million) of its funds, the pension giant said on June 30.
The NPS, which oversees $430 billion in assets, hired VIG Partners and Skylake Investment to manage investment in large-cap companies with 250 billion won of entrusted funds for each.
Some 200 billion won will be allocated to Lindeman Asia Investment and SG Private Equity -- 100 billion won each -- to make investments in midsized companies.
By early July, the NPS plans to choose eight PEFs that will run venture funds to invest in small, early-stage, emerging firms that are deemed to have high growth.
By Park Han-na (
hnpark@heraldcorp.com)
