The Sejong-based agency will allocate at least 70% of the capital to developed markets in North America and Europe.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The pension has acquired interests in two component funds within IDR Core Property Trust, an open-ended commingled real estate vehicle.
Its predecessor, Landmark Real Estate Fund IX, closed with $3.3 billion in capital commitments in 2023.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The National Pension Service of Korea and Townsend Holdings have also increased their ownership in the Australian alternative asset manager.
The process, comprising mostly of China-focused interests, is linked to several managers, including HSG, Warburg Pincus, and Boyu Capital Investment Management.
The Sejong-based institutional investor will allocate 70% of capital to developed markets in North America and Europe.
