| When the Korean Asset Management Corp, which handled the auction for a minority stake in Kyobo Life, announced its preferred bidder last week, it turned to Ontario Teachers' Pension Plan, the Canadian pension fund with C$117bn (US$114bn) under management rather than private equity funds including Affinity, an Asian regional investment firm, and Carlyle.
Canadian pension funds like Ontario Teachers and Canada Pension Plan Investment Board, with C$162bn, have increasingly bypassed the private equity firms. So have the two investment arms of Singapore, Government of Singapore Investment Corp and Temasek...............................................Full Article: Source
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