Japan’s Pension Fund Association for Local Government Officials (Chikyoren) has selected four firms – two from the US and two from Japan – for a global private equity mandate, according to a report by Asia Asset Management.
Additionally, it has appointed one firm each from the US and Japan for a global private debt mandate.
The private equity mandate will be managed by US-based Kohlberg Kravis Roberts (KKR) and Hamilton Lane Advisors, alongside Japan’s Sumitomo Mitsui Trust Bank and Resona Bank.
For the private debt mandate, management responsibilities have been assigned to Carlyle Global Credit Investment Management from the US and Japan’s Daiwa Fund Consulting.
Chikyoren announced the appointments on December 25 via its website but did not reveal the value of the mandates.
The pension fund oversees assets totaling JPY37.58tn (approximately $237.9bn).
