The National Pension Service has selected MBK Partners, JKL Partners, Premier Site, and Praxis as the final candidates for the '1 trillion won' project.
Kim SangJin
letyou@alphabiz.co.kr | 2024-07-15 07:50:21
(Photo= Yonhap news)
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service Fund Management Headquarters has selected four domestic private equity firms as entrusted managers for its 1 trillion won investment in the private equity sector. According to investment banking sources on the 15th, in the competitive bidding process for the NPS private equity entrusted management, MBK Partners applied for approximately 350 billion won, Praxis Capital Partners for 300 billion won, JKL Partners for 200 billion won, and Premier Partners for around 350 billion won. However, the actual investment amounts may be subject to adjustment. Earlier on, eight private equity fund managers who were shortlisted presented their proposals on this day.
This NPS investment is the largest ever at 1 trillion won, significantly increasing from 800 billion won last year. Last year, Hanwha & Company, Macquarie Asset Management, and IMM Private Equity were selected.
MBK Partners stands out with overwhelming investment scale and performance. JKL Partners recently sold nearly half of its stake in T'way Air. Premier Partners and Praxis Capital Partners were also selected last month in the mid-sized private equity sector for civil servants' pensions.
In the latter half of the year, NPS will proceed with the selection of managers for credit funds, allocating a total of 350 billion won. The plan is to select fewer than three firms and allocate between 100 billion won and 150 billion won to each.
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