Korea Investment Corp explores sale of more than $1bn in PE stakes
Korea Investment Corp, 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.
South Korea's sovereign wealth fund, Korea Investment Corp (KIC), is considering selling private equity investments valued at over $1 billion, according to Bloomberg. Institutional investors are increasingly turning to the secondary market to rebalance portfolios and generate liquidity, prompting KIC to explore this option, sources familiar with the matter tell Bloomberg.
PJT Partners, an investment bank, has been appointed to advise on the potential transaction, though discussions are still in their early stages. The assets involved, transaction structure, and eventual size could change as the talks progress. PJT Partners did not comment, and KIC has yet to respond to requests for comment. As of the end of 2025, KIC managed approximately $232 billion in assets, with a 10-year annualized return of 7.07%.
Over 78% of its portfolio is allocated to traditional asset classes, including equities and fixed income, with the remaining portion invested in alternatives such as private equity and real estate. A sale of more than $1 billion in PE interests would enable KIC to rebalance a portion of its alternatives portfolio while providing buyers with exposure to an established pool of private equity investments without the need to directly commit capital to new primary funds.
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