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28

Korea Post’s $112 Billion Fund Looks Overseas to Riskier Debt

By Tony Seruga

Aims to buy mezzanine, distressed debt in the U.S., Europe
Met with Macquarie to increase foreign infrastructure assets

South Korea’s state postal service is planning to buy riskier debt in North America and Europe as well as seeking foreign infrastructure assets and properties as it looks abroad for better returns.

Korea Post plans to increase investment in mezzanine and distressed debt by selecting high-performing asset managers, president Kang Seong-ju said in an interview in Seoul. The $112 billion fund is also adding infrastructure and real estate assets abroad and putting more money in hedge funds while reducing investment in stocks, according to Kang…

Korea Post’s $112 Billion Fund Looks Overseas to Riskier Debt

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