Korea Post seeks managers for distressed investments
The insurance arm of Korea Post wants private-equity fund managers to team up with local brokers and pitch.
Korea Post’s insurance bureau just announced it is requesting proposals from overseas fund managers with regard to single private-equity funds with a distressed-asset strategy.
The $75 billion institution says it seeks exposure to US and/or European distressed corporate investments. It clarifies it is not looking for hedge funds that trade distressed assets.
It wants offshore private-equity fund managers that are registered overseas, and needs assurance that they manage their fu…
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