Sign up for free newsletter


South Korea

Sprott to co-manage USD750m South Korean private equity fund

Fri, 27/12/2013 - 14:37

Sprott Consulting has been awarded the mandate to co-manage a 10-year USD375m private equity fund by South Korea's National Pension Service (NPS).

A matching USD375m co-investment commitment is to be provided by the state-owned Korean Electrical Power Company (KEPCO), the largest electric utility in Korea.
Sprott Consulting will serve as co-manager of the fund along with Woori Asset Management, the asset manager of Korea's largest bank, Woori Financial Group. The mandate of the fund will be to make private equity investments in the global natural resources and power sectors.
"We are pleased to have been awarded this mandate from one of the top pension funds in the world and look forward to partnering with NPS, KEPCO and Woori to make the fund a success," says Peter Grosskopf, chief executive officer of Sprott.
"Following our launch of an offshore mining fund with Zijin Mining Group, this mandate marks Sprott's second entry into the growing Asian marketplace and solidifies our international reputation for expertise in natural resource investing. We are committed to continuing to build our institutional client base as we seek undervalued opportunities in the resource sector."

Subscribe to free daily newsletter
Lead C++ Software Engineer (Ultra-Low Latency)

Sat, 28 Mar 2015 00:00:00 GMT

Front Office Equity Derivatives Quant | NYC

Sat, 28 Mar 2015 00:00:00 GMT

Network Operations Engineer-Prop Trading Firm

Sat, 28 Mar 2015 00:00:00 GMT

1 day 23 hours from now - New York
1 week 23 hours from now - New Jersey
1 week 4 days from now - Zurich
2 weeks 23 hours from now - New York
2 weeks 23 hours from now - San Francisco