APAC: Korea Post issues RFP for global infra fund managers

25 April 2018 - 12:00 am UTC

Korea Post has issued a request for proposal (RFP) for the selection of global core infrastructure fund managers.

It is seeking to commit up to USD 500m in total to global multi-strategy funds, or a “portfolio type structure comprised of different regional/strategy funds”.
The deadline for RFP submission is 8 May with final selection scheduled in June.
Korea Post plans to invest up to USD 200m in one fund, and up to USD 300m in another. Its shareholding in the fund must not exceed 20% of the funds’ commitment.
The focus is on equity investment in developed market core infra, including Australia, Europe and North America. Exposure to North America’s energy sector – excluding renewables – is capped at 20% of a funds’ equity investment to qualify.
Qualifications to submit include at least USD 10bn infrastructure AUM. In addition, the managers’ investment team must have at least three investment professionals with no less than five years of infrastructure investment experience.