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(Photo= GEPS) |
[Alpha Biz= Reporter Kim Sangjin] GEPS (Government Employees Pension Service) is seeking to recruit a domestic private equity fund (PEF) manager to invest 1.4 trillion won of funds.
According to investment banking (IB) sources on the 20th, GEPS has allocated 1.4 trillion won for investment in the domestic alternative investment manager sector. The investment for PEF targets consists of 800 billion won allocated to two large-scale companies, with 400 billion won each, and 600 billion won allocated to two medium-scale companies, with 300 billion won each. It is expected that the announcement of this investment plan could be made as early as the beginning of next week.
The upcoming GEPS PEF investment project is expected to offer a relatively rational competition framework. It is understood that sector-specific asset under management (AUM) limits will be set, allowing only large-scale companies with AUM of over 2 trillion won to participate in the large-scale sector. This reduces the burden of competition for medium-sized PEF managers, as they will not have to compete directly with larger houses.
Most of the domestic PEF managers currently in the process of fundraising are expected to respond to this challenge.
알파경제 Kim SangJin (letyou@alphabiz.co.kr)
