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

Quick Summary:

The National Pension Service (NPS), South Korea’s largest institutional investor, has selected 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 marks the first time in five years that the world’s third-largest pension fund, with 1,150 trillion won worth of assets under management (AUM), has committed to outside real estate asset managers.

According to investment banking industry sources 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: Managers Alternative Fund Pension Koramco Investment Asset Hana Real Estate Management

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:38:45 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23422319

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