Korea Post has chosen seven local alternative investment managers for a 250 billion won (US$174 million) Korean private equity fund mandate, six weeks after putting it up for tender.
The government postal agency announced the appointments of BNW Investment, H&Q Korea, KCGI, KL & Partners, Helios Private Equity, H Private Equity and Esang Partners-IBK Capital on its website on October 20.
The private equity fund will adopt buyout and growth strategies, and allocate at least 50% of investments to small and medium enterprises, and at least 40% to artificial intelligence-related industries.
Korea Post has around 150 trillion won of assets under management.






























