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Ardian, Veritas Capital, HPS Investment win POBA’s $150 mn PEF mandates
Pension fund

Ardian, Veritas Capital, HPS Investment win POBA’s $150 mn PEF mandates

Oct 02, 2019 (Gmt+09:00)

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The Public Officials Benefit Association (POBA) has picked three global private equity firms as follows to commit $50 million to their blind-pool funds apiece, the South Korean retirement fund said on Oct. 2.


191002-poba-2019-pef-mandate


In July, it issued a request for proposal for the $150 million private equity investments.


Last year, Ardian, with $96 billion of assets under management, won a $50 million mandate from POBA for co-investment strategy.

The French investment company also received a $100 million mandate from Korea Post for secondaries investment in July.

POBA invests 54% of its $11 bilion assets in alternative assets and has been investing in global private equity funds since 2015.


By Hyun-il Lee


hiuneal@hankyung.com


#Public Officials Benefit Association #POBA #HPS Investment Partners #Ardian #Veritas Capital
Yeonhee Kim edited this article
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