Carmela Mendoza
The distressed debt investor plans to increase its investment personnel in the region as it readies more aggressive investing into China and India, the firm’s CEO Jay Wintrob said on Monday.
The Korean sovereign wealth fund expects to boost returns through more manager relationships and co-investments in the Asia-Pacific region.
Overseas real estate investments would fall under 'restricted' investments.
Myoun-Wook Kang, who joined the Korean pension fund in February 2016, is leaving the firm after a wave of key personnel departures early this year.
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Jennifer Choi, managing director, industry affairs, will assume day-to-day management at the industry association, until an interim CEO is named.
%2080%202.jpg "GPIF makes first call for alternatives managers")
The Japanese pension giant has stepped up its alternatives asset manager search and issued a call for applications for global private equity, infrastructure and real estate funds of funds.
The insurer’s real estate allocation increased from 1.5 percent in 2015 to 2.2 percent last year, according to its latest annual report released on March 23.
Ding Xuedong, who set up the Chinese sovereign wealth fund’s direct investment unit in 2015, has left his post after close to four years with CIC.
Farouk Bastaki will replace current managing director Bader Al Saad in April.
Asia-based private equity market participants expect a tougher year for fundraising as well as more competition for big-ticket deals.
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