Woori Asset Management established the Posco Woori EIG Global Fund in February this year with KRW560bn ($495m) of assets, according to a filing with the US Securities & Exchange Commission.
The vehicle has also received a commitment from NPS, South Korea’s $320bn state pension fund, Asian Investor reported on Thursday.
Woori will serve as the general partner of the vehicle and has committed 0.5 per cent of capital. The firm will continue to seek outside investors to commit to the fund.
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