The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($154.4 billion) to alternative investment by the end of 2021, up 32.7 percent from the previous year, according to the The Korea Economic Daily. The world’s third-largest pension fund manages 918 trillion won ($693.3 billion) in assets.
Of the committed capital, 99.2 trillion ($74.8 billion) won has been invested in alternative assets. Cash reserves and other liquid assets increased 48.8 percent to 105.2 trillion won ($79.5 billion) as of end-2021 over the previous year.
By asset class, private-equity commitments topped the list at 84.6 trillion won ($63.9 billion), followed by real estate with 66.5 trillion won ($50.2 billion) and infrastructure with 47.1 trillion won ($35.6 billion). The pension fund committed less capital to hedge funds and multi-assets, with 4.4 trillion won ($3.3 billion) and 1.8 trillion won ($1.4 billion), respectively.
Capital invested in the top t
