Korea Post will select managers to invest US$100 million for real estate funds in US and Europe
08 October 2013
Category: News, Asia, Korea, USA, Europe
By Asia Asset Management
Korea Post is looking to hire two managers for a US$100 million private equity real estate mandate for investments in the US and Europe; prospective firms should be managing assets of at least US$1 billion for consideration and should also have a local presence, as well as at least one Korean national as an employee.
Applications for the mandates will close on October 30, according to the announcement. The mandates are for a value oriented, distressed or opportunistic strategy. Investments into greenfield developments should not account for more than 50% of the portfolio.