A handful of Korea's institutional investors, including Hanwha Life Insurance, Hyundai Marine & Fire Insurance and the Korea Scientists & Engineers Mutual Aid Association, will acquire a 4.7-percent stake in Britain's largest energy grid operator National Grid.
An increasing number of domestic institutional investors are turning their eyes toward European markets, including Britain, as the yields from investments in American real estate and infrastructure are in decline.
According to industry sources on February 16, Hanwha Life recently invested 155 million pounds (US$193.6 million) to purchase about 2.7-percent stake in National Grid's gas network business. Hyundai Fire & Marine and the Korea Scientists & Engineers Mutual Aid Association are also set to invest 30 million pounds ($37.5 million) each in National Grid.
In sum, domestic institutional investors' combined stake in National Grid is estimated at 4.7 percent worth 285 million pounds ($355.9 million). Their investment in National Grid will be made in the form of participating in a global consortium which will purchase a 61-percent stake in National Grid for 3.6 billion pounds ($4.49 billion).
The National Pension Service (NPS) will further increase the proportion of overseas investment to around 40% of its assets by end-2022 with a higher share of global equities, according to its mid-term asset allocation plan. The share of global investment&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip