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NPS adds six foreign alternative managers to roster in second quarter Latest additions take total number to 170

Translated by Ryu Ho-joung 공개 2021-08-30 07:35:24

이 기사는 2021년 08월 30일 07:34 thebell 에 표출된 기사입니다.

South Korea’s National Pension Service (NPS) has added six investment firms to the pool of managers overseeing its foreign alternative investments in the second quarter of this year, taking the total number to 170.

The pension fund added two US-based private equity firms, Providence Equity Partners and Hellman & Friedman, to its manager roster, according to a quarterly report on overseas alternative management firms released by the pension fund on August 25.

For real estate investment, Nordic real estate manager Areim and US-based firms GLP Capital Partners and Rockwood Capital were included. New York-based hedge fund Diameter Capital Partners is also among the latest additions.

Providence Equity Partners, founded in 1989, has invested in more than 170 companies mostly in North America and Europe. Its focus is on growth-oriented investments in media, communications, education, software and services.

Founded in 1984, Hellman & Friedman focuses on high-quality, growing businesses in industries including software, financial services, healthcare and retail. The firm is currently investing its tenth fund with $24.4 billion of committed capital. It has over $90 billion in assets under management with offices in San Francisco, New York and London.

Areim specializes in real estate investment in Nordic countries such as Finland, Denmark and Sweden. Since its inception in 2003, the firm has forged a strong partnership with Blackstone Group. It mainly invests in light industrial, residential and commercial real estate.

California-based GLP Capital Partners is a logistics real estate investment firm founded in 2019. NPS and sovereign wealth fund Korea Investment Corporation in May jointly invested a total of $600 million in a $2 billion fund managed by GLP Capital Partners. The fund targets logistics real estate assets and companies with logistics technologies in North America.

New York-based Rockwood Capital focuses on investment opportunities from repositioning and rehabilitation of residential, commercial and industrial properties in the US. Since its inception in 1995, the firm has invested about $32 billion in real estate across a broad range of properties.

Meanwhile, Macquarie Korea Asset Management was added again to the pension fund’s domestic alternative asset manager roster in the second quarter. (Reporting by Hee-yeon Han)
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