Korea Post is seeking two international asset managers for a US$200 million infrastructure mandate that is structured under its $12 billion commingled overseas infrastructure fund.
It’s the second mandate under the fund since February 2019, when Korea Post sought bids, also for a $200 million tender.
The fund invests 70% of its assets in North American markets, and allocates up to 30% to greenfield infrastructure strategies or equities, the government postal agency says in its request for proposal for the new tender on November 10.
The document does not provide details such as minimum asset requirements for managers looking to bid.
Applications are open until November 20, with evaluation and due diligence scheduled to be carried out between November 25 and December 16.
Korea Post, which typically doesn’t disclose winners of its tenders, had around $106 billion of total assets as of December 2019.