Sahakyeongeum Invests 400 Billion KRW in Domestic Private Equity Funds

[Asia Economy Reporter Park So-yeon] The Private School Teachers' Pension Service (Sahakyeongeum) will invest a total of 400 billion KRW in domestic private equity funds. Four major firms were selected, and each will be entrusted with 100 billion KRW for fund management.

According to the investment banking (IB) industry on the 29th, Sahakyeongeum selected IMM Private Equity, Stick Investment, Stonebridge Capital, and Skylake Equity Partners as the private equity fund (PEF) blind fund managers. Stick Investment will receive investment funds from Sahakyeongeum for the second consecutive year, following the previous year.

A blind fund refers to raising capital without predetermined investment targets. Unlike project funds, it has the advantage of less burden in capital raising. Therefore, the ability to establish blind funds is highly valued in the PEF industry.

Previously, Sahakyeongeum received proposals and conducted a first round of quantitative evaluation, after which eight firms were shortlisted as qualified candidates. Following on-site due diligence of these firms, the selection process was completed through a qualitative evaluation by the investment review committee.

A Sahakyeongeum official stated, "We expect to contribute to improving fund management returns by investing in excellent PEF fund managers, as well as actively fulfilling social responsibilities as a public pension fund, including the expansion of ESG (Environmental, Social, and Governance) initiatives."

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