NPS commits $436 mn to Koramco, Hana Alternative for real estate lending

Quick Summary:

National Pension Service (NPS), South Korea’s biggest institutional investor, has picked Koramco Asset Management Co.and Hana Alternative Asset Management Co.as managers of its real estate debt fund valued at 600 billion won ($436.1 million).

This is the first time in five years that the world’s third-largest pension fund with 1,150 trillion won worth of assets under management has committed to external real estate asset managers.

According to sources in the investment banking industry on Thursday, Koramco and Hana Alternative passed the final quality-based evaluation to win the NPS’ commercial real estate lending fund worth 600 billion won.

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Article Details

Category: Economy

Markets: South Korea

Topics: Real Management Koramco Estate Asset Hana Alternative Pension Investment Managers Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:38:45 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23359654

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