Korea Post is seeking two asset managers for a US$100 million global private equity mandate, structured as a commingled fund.
It will primarily focus on developed markets across North America and Western Europe, the government postal agency says in a brief request for proposal.
The investment period is five years, with the possibility of an extension subject to performance.
Applicants must have experience in private equity co-investment strategies.
Applications are open until September 30, with due diligence and manager selection scheduled in November.
The postal agency did not provide any other details in the September 16 RFP.
Korea Post had around 134 trillion won ($112.56 billion) of assets under management as of end-2020.