Korea Investment Corp (KIC), South Korea’s sovereign wealth fund, is exploring a sale of private equity investments worth more than $1bn as institutional investors continue to turn to the secondary market to rebalance portfolios and generate liquidity, according to a report by Bloomberg.
The reports cites unnamed people, familiar with the matter as saying that KIC has appointed investment bank PJT Partners to advise on the potential transaction. The discussions remain at an early stage though, a...
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