South Korea's National Pension Service (NPS) will invest a combined 800 billion won in private equities with five firms.
NPS, the world's third-largest public pension fund, will commit 160 billion won each to Macquarie Asset Management Korea, Glenwood Private Equity, SkyLake Investment, JKL Partners, and IMM Investment.
The private equity firms will be managing funds with a 10-year maturity, whose investments must be completed within five years from the fund's creation.
According to NPS, the five partners may each draw more investments from limited partners to create the private equity fund.
NPS was overseeing some 89.8 trillion won alternative assets, covering 12.4 percent of its entire assets under management, as of the end of April.
NPS Chief Investment Officer Ahn Hyo-joon noted that they continuously diversify their portfolios by increasing their exposure to alternative investment.


Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 



