Sahak Yeongeum Selects 4 Domestic PEF Blind Fund Managers... Total Scale of 200 Billion KRW

[Asia Economy Reporter Park So-yeon] The Private School Teachers' Pension Service (hereinafter referred to as PSTPS) announced that it has finally selected four institutions?Stick Investment, IMM Investment, Macquarie Asset Management, and Crescendo Equity Partners?as entrusted managers to operate domestic PEF blind funds.

According to PSTPS on the 7th, the total domestic PEF blind fund contribution scale is 200 billion KRW, with each of the four entrusted managers expected to receive 50 billion KRW.

This public offering began accepting proposals in early July, with a total of 11 management companies submitting. After conducting the first quantitative evaluation, eight companies were shortlisted.

A PSTPS official stated, "After on-site inspections of the shortlisted management companies and qualitative evaluations (PT) by the Investment Deliberation Committee, the four entrusted managers were finally confirmed."

When selecting the entrusted managers this time, extra points were awarded considering the importance of ESG (Environmental, Social, and Governance) based on performance and efforts. This is interpreted as a commitment to strengthening the social responsibility investment (SRI) of pension funds by applying ESG investment efforts as an evaluation factor.

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