Glenwood PE to increase blind fund to $1 bn on pension funds’ interest

Quick Summary:

South Korea’s Glenwood Private Equity Co.is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad, including the country’s National Pension Service (NPS), are interested in capital commitments.

The NPS, the world’s third-largest pension fund, and the Korean Teachers’ Credit Union (KTCU), which invested in Glenwood PE’s first and second blind funds, are in the final stages of considering commitments to the third.

The firm logged an internal rate of return (IRR) of more than 20% from all the investments of the No.1 blind fund in CJ Olive Young Corp., PI Advanced Materials Co., LX Glas Corp., Haeyang Energy Co., Seorabeol City Gas Co.and others.

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Article Details

Category: Economy

Markets: South Korea

Topics: Korean Commitments Blind First South Fund Firm Trillion Funds Pension Glenwood

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 16:36:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 27959772

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