Sahakyeongeum Announces Selection of Domestic PEF Blind Fund Management Company

[Asia Economy Reporter Park Jihwan] The Private School Teachers' Pension Service announced on the 18th that it has begun the selection process for domestic PEF blind delegated managers (GP) starting from the 17th.

The Pension Service will accept proposals from management companies until the 28th, and plans to comprehensively evaluate the capabilities of the management companies through the first quantitative evaluation, on-site due diligence of delegated manager candidates, and the second qualitative evaluation (PT).

This selection of management companies is for a total scale of 150 billion KRW, with three companies to be finally selected. Each management company is planned to be contracted for an amount within 50 billion KRW.

Eligibility is limited to management companies established for more than three years and classified as management participation-type private equity funds (PEF) under the "Act on Capital Markets and Financial Investment Business." Additionally, only those who have secured capital commitments from institutional investors or others amounting to at least 30% of the total planned fund size can apply. The minimum fund size to be formed is 300 billion KRW.

Chairman Lee Joong-heun stated, "Through the selection of capable delegated managers, we aim to expect stable long-term performance, strengthen the effect of diversified investment, secure opportunities for joint investment in high-quality assets, and improve the fund management yield."

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