Korea Post’s insurance arm is looking for one or two real estate debt managers to invest $200 million in mezzanine debt, for which it is planning to carry out on-site due diligence in the second stage of evaluation, according to its request for proposal issued recently. Targeting a net internal rate of return of 6-8%, the mezzanine strategy will include ...

Korea Post’s insurance arm plans to select two global private equity funds to invest up to $200 million in private equity secondary markets in 2020. It will allocate $50 million to $100 million to each of the selected funds which need to manage a minimum $1 billion in a closed-end commingled fund, according to Korea Post’s request for proposal released ...

THE TRANSPORTATION department postponed to next year the bid submission for the public-private partnership (PPP) deal to operate and maintain the Light Rail Transit (LRT) Line 2, which was scheduled this month, after prospective bidders asked for more time. SC asked to stop LRT-1 privatization and extension S.Korean firm’s Davao LRT proposal to cost P40B DoTC seeking Japanese firms for ...