Korean pension fund POBA seeks local managers for $100m PE mandate

Korean pension fund POBA seeks local managers for $100m PE mandate

South Korean 10,000 won note is seen on U.S. 100 dollar notes in this picture illustration taken in Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

Korean pension fund POBA, or the Public Officials Benefit Association, has earmarked 1.2 billion won ($100.8 million) to invest in three local private equity funds, according to an announcement.