South Korean conglomerate Hanwha Group has opened bids for a 250 billion won (US$1.64 billion) environmental, social and governance infrastructure mandate.
The investment will be structured as a blind fund which will be managed by an asset manager who will be appointed for 15 years, Hanwha says in a request for proposal on February 10.
Asset management firms bidding on the tender must have at least three years of experience managing real estate, securities and mixed assets, with a minimum 250 billion won of total assets in their portfolios. They must be registered in Korea.
Applications are open until February 28.
Seoul-based Hanwha Group is one of the largest finance and retail conglomerates in Korea, with around $181 billion of total assets.