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February 2024
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February 2024
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Korea Post picks Brookfield and EQT for US$200 million infrastructure mandate

Korea Post
By Hui Ching-hoo   
November 27, 2023

Korea Post has hired Canada’s Brookfield Corp. and Sweden’s EQT Partners for a US$200 million overseas infrastructure mandate that was tendered out two months ago.

The government postal agency announced the tender results on its website on November 23.

The investment is structured as a blind fund with a target size of more than $1 billion. It will adopt core plus value-added strategies, with at least 70% allocated to equity assets. It will also invest in energy conversion assets, including renewable energy infrastructure.

Korea Post is one of the most prolific Korean asset owners in outsourcing investments, with at least 11 tenders thus far this year, including nine for alternatives.

The Sejong-based postal agency has around 150 trillion won ($113.1 billion) of assets.