The National Pension Service (NPS), a major player in the capital market, has announced which asset management companies will manage the value-add funds it is establishing for the first time in seven years since 2018. Back in April, the NPS announced its plans to invest KRW 500 billion into domestic real estate value-add funds and was beginning the selection process for two entrusted asset managers. KRW 250 billion would be entrusted to each company, who would then go on to create value-add funds ranging from a minimum of KRW 295 billion to a maximum of KRW 415 billion. This oft-called ‘beauty pageant’ is characterized by its decision to […]