Korea Post is asking local asset managers to bid on a 200 billion won (US$168.9 million) domestic private equity mandate, which will be structured as a blind pool fund with a five-year investment period.
The postal agency will select two managers for the mandate, Korea Post says in a statement on August 10.
It did not specify any track record and minimum asset criteria for eligible bidders.
Applications are open until August 28, and evaluation and due diligence are scheduled to be carried out in September.
Korea Post had around $106 billion of total assets at the end of 2019, including around $6.36 billion alternative assets such as private equity, hedge funds, and infrastructure.