Korea’s sovereign wealth fund — Korea Investment Corp. — plans to allocate up to $10 billion to alternatives such as real estate and infrastructure by 2016, reports Bloomberg News. The $57 billion fund will boost its alternatives target allocation to 20 percent. KIC currently has 6.1 percent allocated to alternatives. The fund began making investments in infrastructure in 2011 using its real estate allocation. As of December 2012, KIC had nearly $1 billion invested through its real estate program, which is more than 26 percent of its total alternatives mandate. According to Bloomberg, KIC will allocate the $10 billion to alternatives “evenly” — 40 percent private equity, 30 percent real estate and 30 percent hedge funds.