Korea Post seeks managers for distressed investments

Korea Post’s insurance bureau just announced it is requesting proposals from overseas fund managers with regard to single private-equity funds with a distressed-asset strategy. The $75 billion institution says it seeks exposure to US and/or European distressed corporate investments. It clarifies it is not looking for hedge funds that trade distressed assets. It wants offshore private-equity fund managers that are registered overseas, and needs assurance that they manage their fu…