The National Pension Service (NPS) Fund Management Headquarters noted on the 9th that it plans to select domestic real estate small and medium-sized management firms. The fund management headquarters will allocate a total of 500 billion won to two selected management firms.
The fund management headquarters will accept related proposals and documents from today until the 30th. After that, the selection committee for management firms will conduct a verbal examination of candidate institutions that pass internal review and on-site due diligence, with final selection in August. The detailed schedule and the number of final selected management firms may change.
The fund management headquarters expects to secure investment opportunities through competitive small and medium-sized management firms and diversify its domestic real estate investment assets. Seowon, chief of the NPS Fund Management Headquarters, said, “It is expected that this selection process will contribute to improving the revenue rate of alternative investments and diversifying management firms” and added, “We will continue to strive to discover various alternative investment opportunities.”